When Shares Are Transferred from One Group of Shareholders to Another

question 3

Multiple Choice

When shares are transferred from one group of shareholders to another and there is a change in control, which of the following is correct?

• A)Net-capital losses that arise following the change in control are automatically deemed to have expired.
• B)Non-capital business losses arising prior to the change in control may be used against income from the business that incurred the loss if that business is carried on at a profit, or reasonable expectation of profit, in the year in which the losses are
• Applied.
• C)Non-capital losses arising prior to the change in control are automatically deemed to have expired.
• D)Net-capital losses arising prior to the change in control may be used against income from the business that incurred the loss if that business is carried on at a profit, or reasonable expectation of profit, in the year in which the losses are applied.

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Definitions:

Daycare

A service that provides care and supervision for children, typically during the daytime, allowing parents or guardians to work or pursue other activities.

Attachment Bonds

Emotional bonds that form between individuals, such as those between parents and children, which are crucial for personal development and psychological health.

Daycare Facility

A place where children are taken care of in a safe environment by caregivers other than their parents, typically while the parents are at work.

Insecurely Attached

A type of attachment style where individuals have difficulty forming secure and trusting relationships with others.