Amber and Marty have just separated after 10 years of marriage. In accordance with their separation...

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Amber and Marty have just separated after 10 years of marriage. In accordance with their separation agreement, Marty transferred a portion of his investment portfolio to Amber. They will not file any elections under the Income Tax Act. Which of the following statements is FALSE? a) Any property income that Amber earns during their period of separation will be taxable to her. b) Any property losses that Amber realizes during their period of separation will be attributed to Marty. c) Any capital gains that Amber realizes during their period of separation will be attributed to Marty. d) Once their divorce is finalized, all attribution of capital gains or capital losses will cease. Amber and Marty have just separated after 10 years of marriage. In accordance with their separation agreement, Marty transferred a portion of his investment portfolio to Amber. They will not file any elections under the Income Tax Act. Which of the following statements is FALSE? a) Any property income that Amber earns during their period of separation will be taxable to her. b) Any property losses that Amber realizes during their period of separation will be attributed to Marty. c) Any capital gains that Amber realizes during their period of separation will be attributed to Marty. d) Once their divorce is finalized, all attribution of capital gains or capital losses will cease.

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The detailed answer for the above question is provided below The correct answer is d Once their divo... View the full answer