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* Interactive-Training-Session- X . Frankie got a sales position v L S VACYE Lol 2150 i B . = = e () learn.humber.ca/u /courses/2334581Iotllnelasesmenil_169§9§15_lven)iewlétteptl_31023092_1Ireviewlinline-feedback?atempt|d=_31023092 7 Attempt 1 Submitted 12/6/23, 9:14 AM (EST) [ Question scores appear after all grades are posted Kevin and Audrey have a home worth $180,000 and an outstanding secured line of credit of $70,000. What is their loan to value (LTV)? | ® s © s19% @ 71.1% Question 22 Jim made a $8,000 RRSP contribution this year, and his marginal tax rate is 32%. Next year, Jim expects to get a raise. His marginal tax rate will increase to 44%. The Income Tax Act (ITA) allows him to deduct his RRSP year or y forward to future years. When should Jim claim the deduction to optimize the tax benefits? @ It does not matter. He should split the deduction between his tax returns for this year and next year. @ He should claim the deduction this year. Question 23 Aleshia originally purchased her house in 1987 for $43,000. She sold it in January 2014 for $270,000. She was not able to designate it as her 2003 through . property as her principal 'g that time. lude in her as a result of this transaction? @) s19457 $48,643 @ $43,000 Question 24 Hans' primary concern is generating current cash flow, liquidity and capital preservation; he i I with long-t tion and tax benefits. What investment strategy would BEST meet his objectives? @ He should invest a lump sum in an emerging markets equity growth fund. a lump sum in Government of Canada bonds. @ He should borrow $300,000 and invest it in a rental property. @ He should purchase a principal residence. Question 25 Bertrand is of a Canad lled pi P (CCPC), which is expecting net income for this fiscal year to be $600,000. Which of the following methods can NOT be used to reduce this net income to within the small business deduction limit? @ contribution to deferred profit sharing plans @ Feedback Feedback for student Your instructor hasn't added feedback