Keith has a Tangerine investment account which pays him interest He never received an information slip but was able to total up the $2030 interest he received last year from Tangerine Keith also has a Royal Bank savings account to which he contributes 25 of the funds and Katie contributes the remaining 75 The $875 shown in Box 17 of the T5 slip issued by Cut You represents royalties paid to Keith for the use of the pruning shear blade he invented In 2016, Keith inherited a bank account in the US with a balance of US120,000 from his uncle At that time, the exchange rate was 130503 He neither contributed nor withdrew any amounts from this account According to bank statements, the account had a balance of US$124,000 on January 1 st and US$125,240 on December 31 st The Taxpayer

Answer rating: 100% (QA)

Royal Bank of Canada is growing its digital product portfolio as mobile user adoption grows In a call with investors on Wednesday morning CEO Dave McK... View the full answer