The Maximum Number of Years a Tax Loss Can Be

question 5

Multiple Choice

The maximum number of years a tax loss can be carried forward is:

• A)10 years.
• B)17 years.
• C)20 years.
• D)3 years.

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Definitions:

Treasury Bonds

Long-term government securities issued with the promise of payment upon maturity with a fixed interest rate.

Return

The income generated from an investment or the gain from an asset relative to the investment's or asset's cost.

Risk

The potential for losing something of value or the chance of an action leading to an undesirable outcome.

Financial Statements

Compiled reports that show a company's financial health, including balance sheet, income statement, and cash flow statement, among others.