Match Each of the Following Items with the Appropriate Description

question 85

Short Answer

Match each of the following items with the appropriate description, indicating whether the item is computed on a group basis on a consolidated tax return.
a.Group item
b.Not a group item
-ACE adjustment

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Definitions:

Privately Held Organizations

Companies owned by private individuals or groups and not traded publicly on the stock market.

Contributory

Involving or denoting a pension, insurance plan, or other benefit scheme where both employers and employees make payments towards the cost.

CPP/QPP

Refers to Canada Pension Plan/Quebec Pension Plan, which are public pension plans in Canada designed to provide income for workers upon retirement.

RRSPs

Registered Retirement Savings Plans, a type of financial account in Canada for holding savings and investment assets to support retirement.