Division C Deductions & Taxable Income
This Division C deduction equals ½ of the taxable stock option benefit when conditions of ITA 110(1)(d) are met.
What is the stock option deduction?
In 2025, the basic personal amount is $15,705 if taxable income is below this threshold.
What is $173,205?
Only one of these credits may be claimed: the spousal credit or this credit for a related dependant.
Eligible Dependant Credit?
This Pixar film features a girl named Riley and emotions like Joy, Sadness, and Anger.
What is Inside Out?
These losses can be carried forward indefinitely?
What are net-capital losses?
This credit allows 15% of tuition fees and can be carried forward indefinitely.
What is the tuition tax credit?
Non-eligible dividends receive this federal credit rate based on the grossed-up dividend.
What is 9.0301%?
This is the largest country in the world by land area.
What is Russia?
This tax metric is calculated as Total tax paid ÷ Taxable income.
What is the effective tax rate?
Name three credits that are targeted towards employees?
Canada Employment Tax Credit
CPP Tax Credit
EI Tax credit
If a taxpayer spent $2000 on digital subscriptions, what is the digital subscription tax credit?
$75 ($500*.15)
This country has won the most FIFA World Cups.
What is Brazil?
This rate applies to the next dollar of income earned.
What is the marginal tax rate?
Age tax credit and the pension income tax credit?
If a taxpayer is supporting an infirm dependent less than 18 years, which credits can he/she claim related to the dependent? Name any two?
Eligible Dependant Credit
Canada Caregiver Tax Credit for dependants over 18 Year
Home Accessibility Tax Credi
This animal is the only one born with horns.
What is a giraffe?
As per the ordering rule, which deduction has to be taken first?
Stock Options And Other
What are the three rates used in the donation tax credit calculation?
(15%)(A)] + [(33%)(B)] + [(29%)(C)], w
Which credits can be transferred between spouses?
•Age
•Pension
•Disability
•Current year tuition
This green frog became an internet icon and is often shown crying, smiling, or drinking tea.
Who is Pepe the Frog?