A Gratuitous Transfer of Property Made During the Lifetime of the Donor

question 62

Multiple Choice

A gratuitous transfer of property made during the lifetime of the donor is called:

• A) an incomplete gift.
• B) a testamentary transfer.
• C) a taxable gift.
• D) an inter vivos transfer.
• E) All of the choices are correct.

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Definitions:

Temporary Foreign Workers

Individuals from other countries employed in another country on a temporary basis, often to fulfill specific job shortages.

Asylum Seekers

Individuals who flee their home country to seek protection elsewhere due to persecution, violence, or fear of harm based on various grounds.

Family Class Sponsorships

A program specific to certain countries like Canada, allowing citizens or permanent residents to sponsor relatives, including spouses, partners, children, or other eligible relatives for immigration.

Economic Class

An immigration category that includes federal and Quebec-selected skilled workers, federal and Quebec-selected business immigrants, provincial and territorial nominees, the Canadian Experience Class (CEC), and caregivers, as well as spouses, partners, and dependants who accompany the principal applicants in any of these economic categories (Government of Canada, 2016a).