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Answer in true or false 1) Contributes to a tax-free savings account(TFSA) are limited to...

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Accounting

Answer in true or false

1) Contributes to a tax-free savings account(TFSA) are limited to $6000 in 2020 regardless of the level of income of the contributor.

2)The receipt of an inheritance under a will and life insurance proceeds are both tax-free in all cases.

3) Non Arm's length transactions are transcation connected between blood relative or married individuals.

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