In Situations Where Such a Transfer Would Result in the Creation

question 89

True/False

In situations where such a transfer would result in the creation of, or an increase in, the spousal tax credit for the taxpayer, dividends received by the spouse or common-law part- ner of the taxpayer can be transferred to him and included in his tax return.

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Definitions:

Fiduciary Duty

An obligation to act in the best interest of another party, typically in financial or trust relationships.

Legal Position

A stance or argument made based on laws, regulations, and case law in litigation or legal matters.

Chauffeur

A person employed to drive a private or hired car, especially a luxury vehicle typically for someone else.

BMW

A German multinational corporation that produces luxury vehicles and motorcycles.