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RQFTCI98 Game 10 Rounds 2-3: income tax, border towns
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Mark Brader
Jun 29, 2021, 1:26:22 AM6/29/21
to
These questions were written to be asked in Toronto on 1998-04-06, and
should be interpreted accordingly. All questions were written by
members of the Usual Suspects, but have been reformatted and may have
been retyped and/or edited by me. I will reveal the correct answers in
about 3 days.
For further information, including an explanation of the """ notation
that may appear in these rounds, see my 2020-06-23 companion posting on
"Reposted Questions from the Canadian Inquisition (RQFTCI*)".
* Game 10, Round 1 - Current Events (excerpt)
This round is based on editorial cartoons that appeared in Canadian
newspapers """last week""" -- that is, in 1998. Answer if you like
for fun, but for no points.
1. http://www.eskimo.com/~scs/msb/oo10/1/A.jpg
This cartoon refers to a debate that's been going on for decades
about whether a certain police force should wear sidearms.
The word we've blotted out in this cartoon appeared between
"rotten" and "criminals" in the upper right corner: what is it?
2. http://www.eskimo.com/~scs/msb/oo10/1/B.jpg
This cartoon by Patrick Corrigan appeared in the "Toronto
Star" """last Wednesday""". What reassuring quip was written,
upside-down, on the button that we've blotted out on the Great
Man's lapel?
I wrote both of these rounds.
* Game 10, Round 2 - Canadiana - Income Tax
All answers pertain to the 1997 tax year, i.e., the return that
you """will probably be filing shortly""" if you haven't already
done it. So if you were paying attention to the budget """in
February""", you should temporarily forget everything you learned.
*Note*: If you want to give current information, I will generously
accept answers pertaining to either the 2019 or the 2020 tax year,
so long as the facts stated in the question are still generally
correct. If they aren't, you must give the originally expected
answer. You *never* need to mention which year you are answering
for.
1. For what type of income is it the case that you initially report
a so-called "grossed-up" or "taxable" amount, 25% larger than
the actual income, but then claim on Schedule 1 a credit of
13+1/3 % (thirteen and a third percent) of the actual amount
of this income?
2. Capital gains can sometimes be offset against capital losses,
but if you have a capital gain that you cannot offset and that
isn't exempt for another reason, in most cases what fraction
of the gain must you count as income?
3. The next three questions are about calculating your federal
non-refundable tax credits, which replaced many of the
deductions from net income """about 10 years ago""". When
doing this calculation, most people start with a constant
"Personal Amount", which effectively represents the amount of
income that is always tax-free federally. Within 12% of the
actual number, how many dollars is that?
4. Within 25% of the actual number, how many dollars is your federal
Spousal Amount, if you are supporting a spouse who has no income,
but you are not a caregiver?
5. The next step in the non-refundable credit calculation is to
add up these and other amounts and take a certain percentage
of the total. If you aren't claiming anything for charitable
donations, that percentage yields the amount of your federal
non-refundable tax credit. Within 1 percentage point, what
percentage do you take?
6. Several things may enter into the calculation of your RRSP
contribution room, but the most fundamental one is a percentage
of the previous year's earned income. Within 2 percentage
points, what """is""" that percentage?
7. If you have to pay income tax by installments, how often are
they due?
8. The basic federal tax calculation (on Schedule 1) begins
by classifying your taxable income into one of three brackets.
(For 2019-20: five brackets, and it's on the T1.) Within $4,000
in either case, give the number of dollars of taxable income
that forms (A) the top boundary of the bottom bracket, *or*
(B) the bottom boundary of the top bracket. You *must* say
whether you are answering question A or B, but you don't have
to say for what year.
9. Most taxpayers have to add a surtax that is what percentage of
the basic federal tax?
10. In the initial calculation of Ontario provincial income tax,
what percentage of the basic federal tax do you take, within
3½ percentage points?
* Game 10, Round 3 - Geography - Border Towns
In each case we will name a city that is on a state or national
border, or in some cases merely close to the border, and you simply
have to tell us what's on the other side.
1. What other country """is""" nearest the French city of Lille?
2. What other country """is""" nearest the Italian city of Trieste?
3. What city or town """lies""" across a *state* boundary from
Vancouver, Washington?
4. What US city or town """is""" nearest Ft. Frances, Ontario?
5. What city or town in another country """is""" nearest San Diego,
California?
6. What city or town in another country """is""" nearest
Brazzaville, which """is""" in one of the two countries
named Congo?
7. What US city or town """is""" nearest St. Stephen, New Brunswick?
8. What city or town """lies""" across a *state* boundary from
Camden, New Jersey?
9. What other *country* """is""" nearest to the French city of Nice?
10. What *two other countries* """are""" adjacent to the Swiss
city of Basel?
--
Mark Brader, Toronto | "Anyone who can handle a needle convincingly can make
m...@vex.net | us see a thread which is not there." --E.H. Gombrich
My text in this article is in the public domain.
should be interpreted accordingly. All questions were written by
members of the Usual Suspects, but have been reformatted and may have
been retyped and/or edited by me. I will reveal the correct answers in
about 3 days.
For further information, including an explanation of the """ notation
that may appear in these rounds, see my 2020-06-23 companion posting on
"Reposted Questions from the Canadian Inquisition (RQFTCI*)".
* Game 10, Round 1 - Current Events (excerpt)
This round is based on editorial cartoons that appeared in Canadian
newspapers """last week""" -- that is, in 1998. Answer if you like
for fun, but for no points.
1. http://www.eskimo.com/~scs/msb/oo10/1/A.jpg
This cartoon refers to a debate that's been going on for decades
about whether a certain police force should wear sidearms.
The word we've blotted out in this cartoon appeared between
"rotten" and "criminals" in the upper right corner: what is it?
2. http://www.eskimo.com/~scs/msb/oo10/1/B.jpg
This cartoon by Patrick Corrigan appeared in the "Toronto
Star" """last Wednesday""". What reassuring quip was written,
upside-down, on the button that we've blotted out on the Great
Man's lapel?
I wrote both of these rounds.
* Game 10, Round 2 - Canadiana - Income Tax
All answers pertain to the 1997 tax year, i.e., the return that
you """will probably be filing shortly""" if you haven't already
done it. So if you were paying attention to the budget """in
February""", you should temporarily forget everything you learned.
*Note*: If you want to give current information, I will generously
accept answers pertaining to either the 2019 or the 2020 tax year,
so long as the facts stated in the question are still generally
correct. If they aren't, you must give the originally expected
answer. You *never* need to mention which year you are answering
for.
1. For what type of income is it the case that you initially report
a so-called "grossed-up" or "taxable" amount, 25% larger than
the actual income, but then claim on Schedule 1 a credit of
13+1/3 % (thirteen and a third percent) of the actual amount
of this income?
2. Capital gains can sometimes be offset against capital losses,
but if you have a capital gain that you cannot offset and that
isn't exempt for another reason, in most cases what fraction
of the gain must you count as income?
3. The next three questions are about calculating your federal
non-refundable tax credits, which replaced many of the
deductions from net income """about 10 years ago""". When
doing this calculation, most people start with a constant
"Personal Amount", which effectively represents the amount of
income that is always tax-free federally. Within 12% of the
actual number, how many dollars is that?
4. Within 25% of the actual number, how many dollars is your federal
Spousal Amount, if you are supporting a spouse who has no income,
but you are not a caregiver?
5. The next step in the non-refundable credit calculation is to
add up these and other amounts and take a certain percentage
of the total. If you aren't claiming anything for charitable
donations, that percentage yields the amount of your federal
non-refundable tax credit. Within 1 percentage point, what
percentage do you take?
6. Several things may enter into the calculation of your RRSP
contribution room, but the most fundamental one is a percentage
of the previous year's earned income. Within 2 percentage
points, what """is""" that percentage?
7. If you have to pay income tax by installments, how often are
they due?
8. The basic federal tax calculation (on Schedule 1) begins
by classifying your taxable income into one of three brackets.
(For 2019-20: five brackets, and it's on the T1.) Within $4,000
in either case, give the number of dollars of taxable income
that forms (A) the top boundary of the bottom bracket, *or*
(B) the bottom boundary of the top bracket. You *must* say
whether you are answering question A or B, but you don't have
to say for what year.
9. Most taxpayers have to add a surtax that is what percentage of
the basic federal tax?
10. In the initial calculation of Ontario provincial income tax,
what percentage of the basic federal tax do you take, within
3½ percentage points?
* Game 10, Round 3 - Geography - Border Towns
In each case we will name a city that is on a state or national
border, or in some cases merely close to the border, and you simply
have to tell us what's on the other side.
1. What other country """is""" nearest the French city of Lille?
2. What other country """is""" nearest the Italian city of Trieste?
3. What city or town """lies""" across a *state* boundary from
Vancouver, Washington?
4. What US city or town """is""" nearest Ft. Frances, Ontario?
5. What city or town in another country """is""" nearest San Diego,
California?
6. What city or town in another country """is""" nearest
Brazzaville, which """is""" in one of the two countries
named Congo?
7. What US city or town """is""" nearest St. Stephen, New Brunswick?
8. What city or town """lies""" across a *state* boundary from
Camden, New Jersey?
9. What other *country* """is""" nearest to the French city of Nice?
10. What *two other countries* """are""" adjacent to the Swiss
city of Basel?
--
Mark Brader, Toronto | "Anyone who can handle a needle convincingly can make
m...@vex.net | us see a thread which is not there." --E.H. Gombrich
My text in this article is in the public domain.
bbowler
Jun 29, 2021, 9:32:15 AM6/29/21
to
On Tue, 29 Jun 2021 00:26:16 -0500, Mark Brader wrote:
> These questions were written to be asked in Toronto on 1998-04-06, and
> should be interpreted accordingly. All questions were written by
> members of the Usual Suspects, but have been reformatted and may have
> been retyped and/or edited by me. I will reveal the correct answers in
> about 3 days.
>
> For further information, including an explanation of the """ notation
> that may appear in these rounds, see my 2020-06-23 companion posting on
> "Reposted Questions from the Canadian Inquisition (RQFTCI*)".
>
> These questions were written to be asked in Toronto on 1998-04-06, and
> should be interpreted accordingly. All questions were written by
> members of the Usual Suspects, but have been reformatted and may have
> been retyped and/or edited by me. I will reveal the correct answers in
> about 3 days.
>
> For further information, including an explanation of the """ notation
> that may appear in these rounds, see my 2020-06-23 companion posting on
> "Reposted Questions from the Canadian Inquisition (RQFTCI*)".
>
> * Game 10, Round 2 - Canadiana - Income Tax
Not sure I could answer these for US taxes, let alone Canadian taxes.
> * Game 10, Round 3 - Geography - Border Towns
>
> In each case we will name a city that is on a state or national border,
> or in some cases merely close to the border, and you simply have to tell
> us what's on the other side.
>
> 1. What other country """is""" nearest the French city of Lille?
> 2. What other country """is""" nearest the Italian city of Trieste?
> 3. What city or town """lies""" across a *state* boundary from
> Vancouver, Washington?
> 4. What US city or town """is""" nearest Ft. Frances, Ontario?
>
> 5. What city or town in another country """is""" nearest San Diego,
> California?
> 6. What city or town in another country """is""" nearest
> Brazzaville, which """is""" in one of the two countries named Congo?
>
> 7. What US city or town """is""" nearest St. Stephen, New Brunswick?
> 8. What city or town """lies""" across a *state* boundary from
> Camden, New Jersey?
> 9. What other *country* """is""" nearest to the French city of Nice?
> 10. What *two other countries* """are""" adjacent to the Swiss
> city of Basel?
Erland Sommarskog
Jun 29, 2021, 2:18:25 PM6/29/21
to
Mark Brader (m...@vex.net) writes:
> I wrote both of these rounds.
>
> * Game 10, Round 2 - Canadiana - Income Tax
Do you excuse me if I don't even read the questions and jump to the
> I wrote both of these rounds.
>
> * Game 10, Round 2 - Canadiana - Income Tax
next round?
> * Game 10, Round 3 - Geography - Border Towns
>
> In each case we will name a city that is on a state or national
> border, or in some cases merely close to the border, and you simply
> have to tell us what's on the other side.
>
> 1. What other country """is""" nearest the French city of Lille?
> 2. What other country """is""" nearest the Italian city of Trieste?
> 3. What city or town """lies""" across a *state* boundary from
> Vancouver, Washington?
> 5. What city or town in another country """is""" nearest San Diego,
> California?
> 6. What city or town in another country """is""" nearest
> Brazzaville, which """is""" in one of the two countries
> named Congo?
> 7. What US city or town """is""" nearest St. Stephen, New Brunswick?
> 8. What city or town """lies""" across a *state* boundary from
> Camden, New Jersey?
> 9. What other *country* """is""" nearest to the French city of Nice?
> 10. What *two other countries* """are""" adjacent to the Swiss
> city of Basel?
Mark Brader
Jun 29, 2021, 2:58:41 PM6/29/21
to
Erland Sommarskog:
6 people scored points on the round then and I doubt if any of them
were Canadian. But suit yourself.
--
Mark Brader | "To call the characters cardboard is
Toronto | to insult a useful packing material."
m...@vex.net | --Roger Ebert
> Do you excuse me if I don't even read the questions and jump to the
> next round?
As I told you when you did that in 2009, some of them were guessable.
> next round?
6 people scored points on the round then and I doubt if any of them
were Canadian. But suit yourself.
--
Mark Brader | "To call the characters cardboard is
Toronto | to insult a useful packing material."
m...@vex.net | --Roger Ebert
Mark Brader
Jun 29, 2021, 6:58:04 PM6/29/21
to
This message keeps disappearing and reappearing from Giganews.
A couple of people have already answered it, so I know it's
propagated at least partially off-site, but I'm reposting it in
a new thread anyway. Please post answers in either thread.
If anyone indicates that they didn't see the first posting, then
I'll accept answers until 3 days after this one.
---------------------------------------------------------------------
These questions were written to be asked in Toronto on 1998-04-06, and
should be interpreted accordingly. All questions were written by
members of the Usual Suspects, but have been reformatted and may have
been retyped and/or edited by me. I will reveal the correct answers in
about 3 days.
For further information, including an explanation of the """ notation
that may appear in these rounds, see my 2020-06-23 companion posting on
"Reposted Questions from the Canadian Inquisition (RQFTCI*)".
5. What city or town in another country """is""" nearest San Diego,
California?
A couple of people have already answered it, so I know it's
propagated at least partially off-site, but I'm reposting it in
a new thread anyway. Please post answers in either thread.
If anyone indicates that they didn't see the first posting, then
I'll accept answers until 3 days after this one.
---------------------------------------------------------------------
These questions were written to be asked in Toronto on 1998-04-06, and
should be interpreted accordingly. All questions were written by
members of the Usual Suspects, but have been reformatted and may have
been retyped and/or edited by me. I will reveal the correct answers in
about 3 days.
For further information, including an explanation of the """ notation
that may appear in these rounds, see my 2020-06-23 companion posting on
"Reposted Questions from the Canadian Inquisition (RQFTCI*)".
* Game 10, Round 1 - Current Events (excerpt)
This round is based on editorial cartoons that appeared in Canadian
newspapers """last week""" -- that is, in 1998. Answer if you like
for fun, but for no points.
1. http://www.eskimo.com/~scs/msb/oo10/1/A.jpg
This cartoon refers to a debate that's been going on for decades
about whether a certain police force should wear sidearms.
The word we've blotted out in this cartoon appeared between
"rotten" and "criminals" in the upper right corner: what is it?
2. http://www.eskimo.com/~scs/msb/oo10/1/B.jpg
This cartoon by Patrick Corrigan appeared in the "Toronto
Star" """last Wednesday""". What reassuring quip was written,
upside-down, on the button that we've blotted out on the Great
Man's lapel?
This round is based on editorial cartoons that appeared in Canadian
newspapers """last week""" -- that is, in 1998. Answer if you like
for fun, but for no points.
1. http://www.eskimo.com/~scs/msb/oo10/1/A.jpg
This cartoon refers to a debate that's been going on for decades
about whether a certain police force should wear sidearms.
The word we've blotted out in this cartoon appeared between
"rotten" and "criminals" in the upper right corner: what is it?
2. http://www.eskimo.com/~scs/msb/oo10/1/B.jpg
This cartoon by Patrick Corrigan appeared in the "Toronto
Star" """last Wednesday""". What reassuring quip was written,
upside-down, on the button that we've blotted out on the Great
Man's lapel?
I wrote both of these rounds.
* Game 10, Round 2 - Canadiana - Income Tax
* Game 10, Round 2 - Canadiana - Income Tax
* Game 10, Round 3 - Geography - Border Towns
In each case we will name a city that is on a state or national
border, or in some cases merely close to the border, and you simply
have to tell us what's on the other side.
1. What other country """is""" nearest the French city of Lille?
In each case we will name a city that is on a state or national
border, or in some cases merely close to the border, and you simply
have to tell us what's on the other side.
1. What other country """is""" nearest the French city of Lille?
2. What other country """is""" nearest the Italian city of Trieste?
3. What city or town """lies""" across a *state* boundary from
Vancouver, Washington?
4. What US city or town """is""" nearest Ft. Frances, Ontario?
Vancouver, Washington?
5. What city or town in another country """is""" nearest San Diego,
California?
6. What city or town in another country """is""" nearest
Brazzaville, which """is""" in one of the two countries
named Congo?
Brazzaville, which """is""" in one of the two countries
named Congo?
7. What US city or town """is""" nearest St. Stephen, New Brunswick?
8. What city or town """lies""" across a *state* boundary from
Camden, New Jersey?
Camden, New Jersey?
9. What other *country* """is""" nearest to the French city of Nice?
10. What *two other countries* """are""" adjacent to the Swiss
city of Basel?
city of Basel?
Dan Blum
Jun 29, 2021, 7:54:59 PM6/29/21
to
> * Game 10, Round 2 - Canadiana - Income Tax
> 1. For what type of income is it the case that you initially report
> a so-called "grossed-up" or "taxable" amount, 25% larger than
> the actual income, but then claim on Schedule 1 a credit of
> 13+1/3 % (thirteen and a third percent) of the actual amount
> of this income?
interest; dividends
> a so-called "grossed-up" or "taxable" amount, 25% larger than
> the actual income, but then claim on Schedule 1 a credit of
> 13+1/3 % (thirteen and a third percent) of the actual amount
> of this income?
> 2. Capital gains can sometimes be offset against capital losses,
> but if you have a capital gain that you cannot offset and that
> isn't exempt for another reason, in most cases what fraction
> of the gain must you count as income?
> 3. The next three questions are about calculating your federal
> non-refundable tax credits, which replaced many of the
> deductions from net income """about 10 years ago""". When
> doing this calculation, most people start with a constant
> "Personal Amount", which effectively represents the amount of
> income that is always tax-free federally. Within 12% of the
> actual number, how many dollars is that?
> 4. Within 25% of the actual number, how many dollars is your federal
> Spousal Amount, if you are supporting a spouse who has no income,
> but you are not a caregiver?
> 5. The next step in the non-refundable credit calculation is to
> add up these and other amounts and take a certain percentage
> of the total. If you aren't claiming anything for charitable
> donations, that percentage yields the amount of your federal
> non-refundable tax credit. Within 1 percentage point, what
> percentage do you take?
> 6. Several things may enter into the calculation of your RRSP
> contribution room, but the most fundamental one is a percentage
> of the previous year's earned income. Within 2 percentage
> points, what """is""" that percentage?
> 7. If you have to pay income tax by installments, how often are
> they due?
> 8. The basic federal tax calculation (on Schedule 1) begins
> by classifying your taxable income into one of three brackets.
> (For 2019-20: five brackets, and it's on the T1.) Within $4,000
> in either case, give the number of dollars of taxable income
> that forms (A) the top boundary of the bottom bracket, *or*
> (B) the bottom boundary of the top bracket. You *must* say
> whether you are answering question A or B, but you don't have
> to say for what year.
> 9. Most taxpayers have to add a surtax that is what percentage of
> the basic federal tax?
> 10. In the initial calculation of Ontario provincial income tax,
> what percentage of the basic federal tax do you take, within
25%; 35%
> * Game 10, Round 3 - Geography - Border Towns
> 1. What other country """is""" nearest the French city of Lille?
Belgium
> 2. What other country """is""" nearest the Italian city of Trieste?
> 5. What city or town in another country """is""" nearest San Diego,
> California?
> 6. What city or town in another country """is""" nearest
> Brazzaville, which """is""" in one of the two countries
> named Congo?
> 7. What US city or town """is""" nearest St. Stephen, New Brunswick?
> 8. What city or town """lies""" across a *state* boundary from
> Camden, New Jersey?
> 9. What other *country* """is""" nearest to the French city of Nice?
> 10. What *two other countries* """are""" adjacent to the Swiss
> city of Basel?
--
_______________________________________________________________________
Dan Blum to...@panix.com
"I wouldn't have believed it myself if I hadn't just made it up."
Pete Gayde
Jun 29, 2021, 10:00:02 PM6/29/21
to
>
> 2. What other country """is""" nearest the Italian city of Trieste?
>
> 3. What city or town """lies""" across a *state* boundary from
> Vancouver, Washington?
>
> 4. What US city or town """is""" nearest Ft. Frances, Ontario?
>
> 5. What city or town in another country """is""" nearest San Diego,
> California?
>
> 6. What city or town in another country """is""" nearest
> Brazzaville, which """is""" in one of the two countries
> named Congo?
>
> 7. What US city or town """is""" nearest St. Stephen, New Brunswick?
>
> 8. What city or town """lies""" across a *state* boundary from
> Camden, New Jersey?
>
> 9. What other *country* """is""" nearest to the French city of Nice?
>
> 10. What *two other countries* """are""" adjacent to the Swiss
> city of Basel?
>
Pete Gayde
Dan Tilque
Jun 30, 2021, 8:58:06 PM6/30/21
to
On 6/28/21 10:26 PM, Mark Brader wrote:
>
>
> * Game 10, Round 1 - Current Events (excerpt)
>
> This round is based on editorial cartoons that appeared in Canadian
> newspapers """last week""" -- that is, in 1998. Answer if you like
> for fun, but for no points.
>
> 1. http://www.eskimo.com/~scs/msb/oo10/1/A.jpg
>
> This cartoon refers to a debate that's been going on for decades
> about whether a certain police force should wear sidearms.
> The word we've blotted out in this cartoon appeared between
> "rotten" and "criminals" in the upper right corner: what is it?
Nazi (just a wild guess, mind you)
>
>
> * Game 10, Round 1 - Current Events (excerpt)
>
> This round is based on editorial cartoons that appeared in Canadian
> newspapers """last week""" -- that is, in 1998. Answer if you like
> for fun, but for no points.
>
> 1. http://www.eskimo.com/~scs/msb/oo10/1/A.jpg
>
> This cartoon refers to a debate that's been going on for decades
> about whether a certain police force should wear sidearms.
> The word we've blotted out in this cartoon appeared between
> "rotten" and "criminals" in the upper right corner: what is it?
>
> 2. http://www.eskimo.com/~scs/msb/oo10/1/B.jpg
>
> This cartoon by Patrick Corrigan appeared in the "Toronto
> Star" """last Wednesday""". What reassuring quip was written,
> upside-down, on the button that we've blotted out on the Great
> Man's lapel?
>
>
> I wrote both of these rounds.
>
> * Game 10, Round 2 - Canadiana - Income Tax
my own.
>
> 2. What other country """is""" nearest the Italian city of Trieste?
>
> 3. What city or town """lies""" across a *state* boundary from
> Vancouver, Washington?
>
> 4. What US city or town """is""" nearest Ft. Frances, Ontario?
>
> 5. What city or town in another country """is""" nearest San Diego,
> California?
>
> 6. What city or town in another country """is""" nearest
> Brazzaville, which """is""" in one of the two countries
> named Congo?
>
> 7. What US city or town """is""" nearest St. Stephen, New Brunswick?
>
> 8. What city or town """lies""" across a *state* boundary from
> Camden, New Jersey?
>
> 9. What other *country* """is""" nearest to the French city of Nice?
>
> 10. What *two other countries* """are""" adjacent to the Swiss
> city of Basel?
--
Dan Tilque
Mark Brader
Jul 2, 2021, 12:45:04 AM7/2/21
to
Mark Brader:
The cartoon is by the "Evening Telegram"'s Kevin Tobin. The police
force there is the RNC... the Royal Newfoundland Constabulary.
> 2. http://www.eskimo.com/~scs/msb/oo10/1/B.jpg
> This cartoon by Patrick Corrigan appeared in the "Toronto
> Star" """last Wednesday""". What reassuring quip was written,
> upside-down, on the button that we've blotted out on the Great
> Man's lapel?
"April Fool".
The caricature, of course, is of Brian Mulroney.
> I wrote both of these rounds.
> * Game 10, Round 2 - Canadiana - Income Tax
> All answers pertain to the 1997 tax year, i.e., the return that
> you """will probably be filing shortly""" if you haven't already
> done it. So if you were paying attention to the budget """in
> February""", you should temporarily forget everything you learned.
> *Note*: If you want to give current information, I will generously
> accept answers pertaining to either the 2019 or the 2020 tax year,
> so long as the facts stated in the question are still generally
> correct. If they aren't, you must give the originally expected
> answer. You *never* need to mention which year you are answering
> for.
> 1. For what type of income is it the case that you initially report
> a so-called "grossed-up" or "taxable" amount, 25% larger than
> the actual income, but then claim on Schedule 1 a credit of
> 13+1/3 % (thirteen and a third percent) of the actual amount
> of this income?
Dividends (from taxable Canadian corporations). 2 for Dan Blum.
This is done as a way of correcting for the income tax that the
corporation already paid on the money before distributing it as
dividends.
In 2019-20, dividends are now classified as "eligible" or "other
than eligible", depending on which corporate tax rate was applicable.
It's up to the organization paying you the dividends to classify them
correctly, when they report the amount to you on a T3 or T5 slip.
For eligible dividends, the old 25% gross-up is now 38% and the credit
is 15.0198% of the grossed-up amount, or approximately 10.8839%
of the actual amount; for other dividends the gross-up is 15% and
the credit is 9.0301% of the grossed-up amount, or about 7.8523%
of the actual amount. Also, there is no Schedule 1 any more; it's
been merged into the T1 form. But none of this is important now;
the method of reporting is still essentially as described, so the
question stands.
> 2. Capital gains can sometimes be offset against capital losses,
> but if you have a capital gain that you cannot offset and that
> isn't exempt for another reason, in most cases what fraction
> of the gain must you count as income?
1997-98 answer: 3/4. 2019-20 answer: 1/2. 2 for Dan Blum.
> 3. The next three questions are about calculating your federal
> non-refundable tax credits, which replaced many of the
> deductions from net income """about 10 years ago""". When
> doing this calculation, most people start with a constant
> "Personal Amount", which effectively represents the amount of
> income that is always tax-free federally. Within 12% of the
> actual number, how many dollars is that?
1997-98 answer: $6,456. 2019 answer: $12,069. 2020 answer: $13,229.
(Accepting $5,681-$7,231 or $10,620-$14,817.)
In 1997-98 this would also have applied to provincial tax, but that
now has a separate calculation of non-refundable tax credits, so
I've reworded the question to eliminate that issue. Also, starting
with tax year 2020, people with more than $150,473 of net income
have their Personal Amount reduced -- it can go as low as $12,298 --
but that's not "most people".
> 4. Within 25% of the actual number, how many dollars is your federal
> Spousal Amount, if you are supporting a spouse who has no income,
> but you are not a caregiver?
1997-98 answer: $5,380. 2019-20 answer: Same as your Personal Amount.
(Accepting $4,035-$6,725 or $9,051-$16,537.) 2 for Dan Blum.
> 5. The next step in the non-refundable credit calculation is to
> add up these and other amounts and take a certain percentage
> of the total. If you aren't claiming anything for charitable
> donations, that percentage yields the amount of your federal
> non-refundable tax credit. Within 1 percentage point, what
> percentage do you take?
The same as the federal tax rate in the lowest bracket.
1997-98 answer: 17%. 2019-20 answer: 15%. (Accepting 14%-18%.)
> 6. Several things may enter into the calculation of your RRSP
> contribution room, but the most fundamental one is a percentage
> of the previous year's earned income. Within 2 percentage
> points, what """is""" that percentage?
18% (accepting 16%-20%).
This is still true, but the CRA now seems to expect people to let
them calculate it instead of providing a form to do it on.
> 7. If you have to pay income tax by installments, how often are
> they due?
Quarterly. 4 for Dan Blum.
> 8. The basic federal tax calculation (on Schedule 1) begins
> by classifying your taxable income into one of three brackets.
> (For 2019-20: five brackets, and it's on the T1.) Within $4,000
> in either case, give the number of dollars of taxable income
> that forms (A) the top boundary of the bottom bracket, *or*
> (B) the bottom boundary of the top bracket. You *must* say
> whether you are answering question A or B, but you don't have
> to say for what year.
(A): 1997-98 answer: $29,590. 2019 answer: $47,460. 2020 answer:
$48,535. (Accepting $25,590-$33,590 or $43,460-$52,535.) (B):
1997-98 answer: $59,180. 2019 answer: $210,371. 2020 answer:
$214,368. (Accepting $55,180-$63,180 or $206,371-$218,368.)
> 9. Most taxpayers have to add a surtax that is what percentage of
> the basic federal tax?
3%. (This surtax no longer exists, so only the 1997-98 answer
was acceptable.)
> 10. In the initial calculation of Ontario provincial income tax,
> what percentage of the basic federal tax do you take, within
> 3½ percentage points?
48% (accepting 44½%-51½%). (This method of calculation is no longer
used, so only the 1997-98 answer was acceptable.)
I made the leeway 3½ percentage points because there were periods
in the past when the percentage was in half points.
Today the initial calculation uses a separate set of provincial
tax brackets applied to taxable income like the federal ones, but
determined by the province.
> * Game 10, Round 3 - Geography - Border Towns
> In each case we will name a city that is on a state or national
> border, or in some cases merely close to the border, and you simply
> have to tell us what's on the other side.
None of these answers have changed since 1998.
> 1. What other country """is""" nearest the French city of Lille?
Belgium. 4 for Bruce, Erland, Dan Blum, and Dan Tilque. 3 for Pete.
> 2. What other country """is""" nearest the Italian city of Trieste?
Slovenia (not Croatia, which is beyond a strip of Slovenian territory;
both countries had seceded from Yugoslavia well before 1998).
4 for Erland and Dan Tilque. 2 for Bruce and Pete.
> 3. What city or town """lies""" across a *state* boundary from
> Vancouver, Washington?
Portland, Oregon. 4 for Bruce, Erland, Pete, and Dan Tilque.
> 4. What US city or town """is""" nearest Ft. Frances, Ontario?
International Falls, Minnesota.
Buffalo is the US city nearest Ft. *Erie*, Ontario.
> 5. What city or town in another country """is""" nearest San Diego,
> California?
Tijuana, Mexico. 4 for everyone -- Bruce, Erland, Dan Blum, Pete,
and Dan Tilque.
> 6. What city or town in another country """is""" nearest
> Brazzaville, which """is""" in one of the two countries
> named Congo?
Kinshasa, in the other Congo. The two cities are the respective
national capitals. 4 for Erland, Dan Blum, Pete, and Dan Tilque.
> 7. What US city or town """is""" nearest St. Stephen, New Brunswick?
Calais ["KAL-uss"], Maine. 4 for Bruce and Dan Tilque.
> 8. What city or town """lies""" across a *state* boundary from
> Camden, New Jersey?
Philadelphia, Pennsylvania. 4 for Bruce, Dan Blum, Pete,
and Dan Tilque.
> 9. What other *country* """is""" nearest to the French city of Nice?
Monaco (not Italy; Nice is west of Monaco). 4 for Bruce, Erland,
Dan Blum, and Pete.
> 10. What *two other countries* """are""" adjacent to the Swiss
> city of Basel?
France and Germany. Basel is also spelled Bâle. 4 for Bruce,
Erland, and Pete.
Scores, if there are no errors:
GAME 10 ROUNDS-> 2 3 TOTALS
TOPICS-> Can Geo
Dan Blum 10 20 30
Bruce Bowler 0 30 30
Pete Gayde 0 29 29
Dan Tilque 0 28 28
Erland Sommarskog 0 28 28
Entrants who scored points in 2009 on that Canadiana round, by the
way, included Pete and Dan Tilque as well as Dan Blum.
--
Mark Brader | Caution
m...@vex.net | Do not run on the stairs
Toronto | Use the hand rail
-- notice at British train station
> These questions were written to be asked in Toronto on 1998-04-06,
> and should be interpreted accordingly... For further information...
> see my 2020-06-23 companion posting on "Reposted Questions from the
> Canadian Inquisition (RQFTCI*)".
> * Game 10, Round 1 - Current Events (excerpt)
> This round is based on editorial cartoons that appeared in Canadian
> newspapers """last week""" -- that is, in 1998. Answer if you like
> for fun, but for no points.
> 1. http://www.eskimo.com/~scs/msb/oo10/1/A.jpg
> This cartoon refers to a debate that's been going on for decades
> about whether a certain police force should wear sidearms.
> The word we've blotted out in this cartoon appeared between
> "rotten" and "criminals" in the upper right corner: what is it?
Newfoundland.
> Canadian Inquisition (RQFTCI*)".
> * Game 10, Round 1 - Current Events (excerpt)
> This round is based on editorial cartoons that appeared in Canadian
> newspapers """last week""" -- that is, in 1998. Answer if you like
> for fun, but for no points.
> 1. http://www.eskimo.com/~scs/msb/oo10/1/A.jpg
> This cartoon refers to a debate that's been going on for decades
> about whether a certain police force should wear sidearms.
> The word we've blotted out in this cartoon appeared between
> "rotten" and "criminals" in the upper right corner: what is it?
The cartoon is by the "Evening Telegram"'s Kevin Tobin. The police
force there is the RNC... the Royal Newfoundland Constabulary.
> 2. http://www.eskimo.com/~scs/msb/oo10/1/B.jpg
> This cartoon by Patrick Corrigan appeared in the "Toronto
> Star" """last Wednesday""". What reassuring quip was written,
> upside-down, on the button that we've blotted out on the Great
> Man's lapel?
The caricature, of course, is of Brian Mulroney.
> I wrote both of these rounds.
> * Game 10, Round 2 - Canadiana - Income Tax
> All answers pertain to the 1997 tax year, i.e., the return that
> you """will probably be filing shortly""" if you haven't already
> done it. So if you were paying attention to the budget """in
> February""", you should temporarily forget everything you learned.
> *Note*: If you want to give current information, I will generously
> accept answers pertaining to either the 2019 or the 2020 tax year,
> so long as the facts stated in the question are still generally
> correct. If they aren't, you must give the originally expected
> answer. You *never* need to mention which year you are answering
> for.
> 1. For what type of income is it the case that you initially report
> a so-called "grossed-up" or "taxable" amount, 25% larger than
> the actual income, but then claim on Schedule 1 a credit of
> 13+1/3 % (thirteen and a third percent) of the actual amount
> of this income?
This is done as a way of correcting for the income tax that the
corporation already paid on the money before distributing it as
dividends.
In 2019-20, dividends are now classified as "eligible" or "other
than eligible", depending on which corporate tax rate was applicable.
It's up to the organization paying you the dividends to classify them
correctly, when they report the amount to you on a T3 or T5 slip.
For eligible dividends, the old 25% gross-up is now 38% and the credit
is 15.0198% of the grossed-up amount, or approximately 10.8839%
of the actual amount; for other dividends the gross-up is 15% and
the credit is 9.0301% of the grossed-up amount, or about 7.8523%
of the actual amount. Also, there is no Schedule 1 any more; it's
been merged into the T1 form. But none of this is important now;
the method of reporting is still essentially as described, so the
question stands.
> 2. Capital gains can sometimes be offset against capital losses,
> but if you have a capital gain that you cannot offset and that
> isn't exempt for another reason, in most cases what fraction
> of the gain must you count as income?
> 3. The next three questions are about calculating your federal
> non-refundable tax credits, which replaced many of the
> deductions from net income """about 10 years ago""". When
> doing this calculation, most people start with a constant
> "Personal Amount", which effectively represents the amount of
> income that is always tax-free federally. Within 12% of the
> actual number, how many dollars is that?
(Accepting $5,681-$7,231 or $10,620-$14,817.)
In 1997-98 this would also have applied to provincial tax, but that
now has a separate calculation of non-refundable tax credits, so
I've reworded the question to eliminate that issue. Also, starting
with tax year 2020, people with more than $150,473 of net income
have their Personal Amount reduced -- it can go as low as $12,298 --
but that's not "most people".
> 4. Within 25% of the actual number, how many dollars is your federal
> Spousal Amount, if you are supporting a spouse who has no income,
> but you are not a caregiver?
(Accepting $4,035-$6,725 or $9,051-$16,537.) 2 for Dan Blum.
> 5. The next step in the non-refundable credit calculation is to
> add up these and other amounts and take a certain percentage
> of the total. If you aren't claiming anything for charitable
> donations, that percentage yields the amount of your federal
> non-refundable tax credit. Within 1 percentage point, what
> percentage do you take?
1997-98 answer: 17%. 2019-20 answer: 15%. (Accepting 14%-18%.)
> 6. Several things may enter into the calculation of your RRSP
> contribution room, but the most fundamental one is a percentage
> of the previous year's earned income. Within 2 percentage
> points, what """is""" that percentage?
This is still true, but the CRA now seems to expect people to let
them calculate it instead of providing a form to do it on.
> 7. If you have to pay income tax by installments, how often are
> they due?
> 8. The basic federal tax calculation (on Schedule 1) begins
> by classifying your taxable income into one of three brackets.
> (For 2019-20: five brackets, and it's on the T1.) Within $4,000
> in either case, give the number of dollars of taxable income
> that forms (A) the top boundary of the bottom bracket, *or*
> (B) the bottom boundary of the top bracket. You *must* say
> whether you are answering question A or B, but you don't have
> to say for what year.
$48,535. (Accepting $25,590-$33,590 or $43,460-$52,535.) (B):
1997-98 answer: $59,180. 2019 answer: $210,371. 2020 answer:
$214,368. (Accepting $55,180-$63,180 or $206,371-$218,368.)
> 9. Most taxpayers have to add a surtax that is what percentage of
> the basic federal tax?
was acceptable.)
> 10. In the initial calculation of Ontario provincial income tax,
> what percentage of the basic federal tax do you take, within
> 3½ percentage points?
used, so only the 1997-98 answer was acceptable.)
I made the leeway 3½ percentage points because there were periods
in the past when the percentage was in half points.
Today the initial calculation uses a separate set of provincial
tax brackets applied to taxable income like the federal ones, but
determined by the province.
> * Game 10, Round 3 - Geography - Border Towns
> In each case we will name a city that is on a state or national
> border, or in some cases merely close to the border, and you simply
> have to tell us what's on the other side.
> 1. What other country """is""" nearest the French city of Lille?
> 2. What other country """is""" nearest the Italian city of Trieste?
both countries had seceded from Yugoslavia well before 1998).
4 for Erland and Dan Tilque. 2 for Bruce and Pete.
> 3. What city or town """lies""" across a *state* boundary from
> Vancouver, Washington?
> 4. What US city or town """is""" nearest Ft. Frances, Ontario?
Buffalo is the US city nearest Ft. *Erie*, Ontario.
> 5. What city or town in another country """is""" nearest San Diego,
> California?
and Dan Tilque.
> 6. What city or town in another country """is""" nearest
> Brazzaville, which """is""" in one of the two countries
> named Congo?
national capitals. 4 for Erland, Dan Blum, Pete, and Dan Tilque.
> 7. What US city or town """is""" nearest St. Stephen, New Brunswick?
> 8. What city or town """lies""" across a *state* boundary from
> Camden, New Jersey?
and Dan Tilque.
> 9. What other *country* """is""" nearest to the French city of Nice?
Dan Blum, and Pete.
> 10. What *two other countries* """are""" adjacent to the Swiss
> city of Basel?
Erland, and Pete.
Scores, if there are no errors:
GAME 10 ROUNDS-> 2 3 TOTALS
TOPICS-> Can Geo
Dan Blum 10 20 30
Bruce Bowler 0 30 30
Pete Gayde 0 29 29
Dan Tilque 0 28 28
Erland Sommarskog 0 28 28
Entrants who scored points in 2009 on that Canadiana round, by the
way, included Pete and Dan Tilque as well as Dan Blum.
--
Mark Brader | Caution
m...@vex.net | Do not run on the stairs
Toronto | Use the hand rail
-- notice at British train station
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