Recording Whiteboard Flag for Rev Bernadette has a high-paying job and is in the top tax bracket. She recently received a payment of $5 million upon the settlement of her uncle's estate. Bernadette would like to invest her inheritance in financial products that would not only grow her money but is also income tax friendly. Which of the following would provide the most favourable tax treatment? O Coupon payments from Government of Canada bonds. O Dividends received from a large foreign corporation. 0 О Capital gains from stock investments. Dividends from a large public Canadian corporation. Flag for Taylor is chatting with other parents in the park when the conversation turns to registered education savings plans (RESPS). Taylor thinks that most of what they are saying is incorrect. Which of the following statements about self-directed RESPs is TRUE? O The government contributes an additional grant for low income families who qualify. O Only one beneficiary may be named per RESP. O Educational Assistance Payments (EAPS) may only be used for tuition for a post-secondary program. O Educational Assistance Payments (EAPS) withdrawn from the plan are not taxable

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter17: Income, Poverty, And Health Care
Section: Chapter Questions
Problem 11P
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Recording
Whiteboard
Flag for Rev
Bernadette has a high-paying job and is in the top tax bracket. She recently received a payment of $5 million upon the settlement of her
uncle's estate. Bernadette would like to invest her inheritance in financial products that would not only grow her money but is also
income tax friendly.
Which of the following would provide the most favourable tax treatment?
O Coupon payments from Government of Canada bonds.
O Dividends received from a large foreign corporation.
0
О
Capital gains from stock investments.
Dividends from a large public Canadian corporation.
Transcribed Image Text:Recording Whiteboard Flag for Rev Bernadette has a high-paying job and is in the top tax bracket. She recently received a payment of $5 million upon the settlement of her uncle's estate. Bernadette would like to invest her inheritance in financial products that would not only grow her money but is also income tax friendly. Which of the following would provide the most favourable tax treatment? O Coupon payments from Government of Canada bonds. O Dividends received from a large foreign corporation. 0 О Capital gains from stock investments. Dividends from a large public Canadian corporation.
Flag for
Taylor is chatting with other parents in the park when the conversation turns to registered education savings plans (RESPS). Taylor
thinks that most of what they are saying is incorrect. Which of the following statements about self-directed RESPs is TRUE?
O The government contributes an additional grant for low income families who qualify.
O Only one beneficiary may be named per RESP.
O Educational Assistance Payments (EAPS) may only be used for tuition for a post-secondary program.
O Educational Assistance Payments (EAPS) withdrawn from the plan are not taxable
Transcribed Image Text:Flag for Taylor is chatting with other parents in the park when the conversation turns to registered education savings plans (RESPS). Taylor thinks that most of what they are saying is incorrect. Which of the following statements about self-directed RESPs is TRUE? O The government contributes an additional grant for low income families who qualify. O Only one beneficiary may be named per RESP. O Educational Assistance Payments (EAPS) may only be used for tuition for a post-secondary program. O Educational Assistance Payments (EAPS) withdrawn from the plan are not taxable
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