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This is a Contemporary Practices in Financial Planning course (Canada).

There are two questions (Question 4 & 11).

 

instructions for question 4 (ignore number 3):

For number 1: consider three scenarios

1. Tax implications if rollover to spouse.

2. Tax implications if opt-out of rollover provision.

2. Tax implications if loan provided by Mrs. Black to Mr. Black at CRA prescribed rate.

 

For number 2: consider two scenarios:

1. Tax implications if he sells the desk the year he turns 18.

2. Tax implications if he rents the desk to a house staging company for $5,000 when he is 17 years old

 

Ignore number 3.

 

instructions for question 11: do what is reqired in question.