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Seminar.Week3-Jan.24, 2011 - FMGT 4410 Solutions Seminar...

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FMGT 4410 Solutions Seminar Questions – Week of January 24, 2011 Question 1 On January 1, 2010, Gerald purchased two annuities, one with funds from his maturing RRSP, and the other with the proceeds he received from the sale of his principal residence. The details of these two annuities were as follows: Assuming the monthly payments begin on January 31, 2010, what will Gerald's subdivision d inclusions and subdivision e deductions be as a result of the monthly annuity income received in 2010? Provide citations. Question 2 Mr. Tully resigned from his job in Calgary on September 30 of the current year, after completing his executive MBA. His new position at a high tech firm in Ottawa started on December 1. In October, Mr. Tully flew to Ottawa to find a new home for himself and his family. While he located a suitable house and signed the purchase agreement after four days in the city, finalizing all of the details associated with the purchase required him to remain in Ottawa for another three days. His expenses for this trip were as follows:
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