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$2.$ Excluding those with disabilities, a child must be under the age of $\_\_\_\_\_\_\_$ at some time in the year to be an eligible child for purposes of deducting child care expenses.

Question $14$ options:

$18$

$8$

$12$

$16$

$3.$ Unused net capital losses generated in a tax year can be carried back$\_\_\_\_\_\_\_\_$ and carried forward$\_\_\_\_\_\_\_\_.$

Question $19$ options:

five$$ years, indefinitely

three$$ years, ten years

five$$ years, five years

three$$ years, indefinitely

$4.$ The term "supply" as used in the Excise Tax Act would include all of the following except:

Question $36$ options:

A$.$ The sale of a car by a car dealership.

B$.$ The provision of engineering services by an engineering firm.

C$.$ A trade of hairdressing services provided in exchange for tax advice.

D$.$ The provision of employment services by an employee to their employer.

$5.$ An Ontario resident $(13\%$ HST$)$ is a freelance writer of a PEI newspaper $(15\%$ HST$).$ The writer would bill the newspaper company HST at a $13\%$ rate since the individual lives in Ontario.

Question $39$ options:

True

False

$6.$In Canada, our Value Added Tax $($VAT$)$ system is assessed on gross sales. The taxpayer is then provided with a credit based on purchases made. No accounting based determination of income is required.

Question $40$ options:

True

False

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