An Example of a Tax-Exempt Investment Is

question 23

Multiple Choice

An example of a tax-exempt investment is

• A)interest on Canada savings bonds.
• B)dividends from corporate stock.
• C)a gain on the sale of your home.
• D)earnings from a mutual fund.
• E)interest on corporate bonds.

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Definitions:

Assignor

A person or entity who transfers obligations along with rights to another party in the context of a legal agreement.

Assignee

A person, company, or entity who is transferred the rights or interests of another's contract or property.

Privity of Contract

A legal principle that asserts a contract cannot bestow rights or impose obligations on any person who is not a party to the contract.

Intended Beneficiary

A third party to a contract whom the contracting parties intended to benefit directly from their contact.