What is the T1 General? 1) It is a personal income tax return. It is a form that changes slightly each year and is somewhat different for 2) each province . 3) It is an abbreviated personal income tax form. 4) a and b, but not c

A registered pension plan cannot be amended to allow for higher contributions for past service but it may allow employees to join who were not previously in it. 1 ) True 2 ) False

A progressive system of income tax is: 1) based on the latest research 2 a system where taxes are gradually altered over time in order to avoid shocking tax payers . 3) a system in which higher levels of taxable income are taxed at higher rates. 4a system that ensures municipal, provincial and federal taxes are adjusted equitably.

Making spousal payments when the tax bracket is low and paying an allowance for child support or a lump sum payment if the tax bracket is high will help minimize tax for the spouse making the payments. 1 True 2 False

The tax treatment of income derived from investment assets is the same whether securities paying interest or securities paying dividends are chosen. 1 ) True 2 ) False