Question 4 (1 point)

Chris Shaffer is being transferred by his employer from Prince George, British Columbia to Red Deer, Alberta. The $5,000 in real estate fees paid to sell their Prince George house is a deductible moving cost.

Question 4 options:

	True
	False

Question 5 (1 point)

Martha has a depreciable asset with a UCC of $50,000, a capital cost of $80,000, and a fair market value of $100,000. If she gifts this property to her spouse without making any election, she will have a capital gain of $50,000.

Question 5 options:

	True
	False

Question 6 (1 point)

While earnings on assets held in a Tax Free Savings Account (TFSA) will not be taxed while the assets are in the plan, the accumulated income will be subject to tax when it is withdrawn from the plan.

Question 6 options:

	True
	False