Multiple Choice
Which of the following is an acceptable method of reducing your tax bill for the current year?
A) Making large payments on your outstanding mortgage
B) Increasing your contributions to your tax free savings account
C) Earning income outside of Canada
D) Deducting employment expenses you weren't reimbursed for
Correct Answer:

Verified
Correct Answer:
Verified
Q41: Ralph has total income of $53 000.He
Q42: An investor who receives $10 000 interest
Q42: Interest expense paid on home loans and
Q43: For people in the highest marginal tax
Q44: Which would reduce taxes the most for
Q45: Organizing your records to take advantage of
Q48: You have a salary of $30 000,an
Q49: Which of the following is not taxable
Q50: Interest income would come from earnings on<br>A)stocks.<br>B)term
Q51: John has been told that he should