TRUE OR FALSE 1. When shares of stock are sold, their adjusted cost base must...
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Finance
TRUE OR FALSE
1. When shares of stock are sold, their adjusted cost base must be determined on the basis of the average cost of the shares acquired.
2. TFSAs generally allow you to deduct contributions to the plan and earn income tax free within the plan. However, you are generally taxed on withdrawals from the plan.
3. If you contribute $1,000 more than your RRSP deduction limit in a given year, you will not be charged a penalty.
4. Unused RRSP deduction room can be carried forward to future years.
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