Marissa declared personal bankruptcy in Ontario on May 1, 2015. Which of the following assets can Marissa NOT keep?
A) $5,000 in jewelry and clothes
B) a van worth $5,500
C) $15,000 in a RRSP of which she last contributed $1,000 on November 1, 2014
D) furniture and appliances worth $10,000
E) she can keep all of these assets
C
Business
You might also like to view...
The third category of the nonattainment areas is labeled "serious."
Indicate whether the statement is true or false
Business
Which of the following statements is (are) true regarding the taxation of distributions from individual annuities?
I. Individual annuity distributions are never taxable. II. Once the annuitant has recovered the premiums he or she paid for the annuity, the entire annuity distribution is taxable. A) I only B) II only C) both I and II D) neither I nor II
Business