XDrakeH1716 XDrakeH1716

14-03-2024
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Two years ago on November 1st, Lars purchased a $10,000 compound Canada Savings Bond. The bond earned 3.25% in the first year and 4% in the second year. What amount of interest income must Lars report on his income tax return for this year?
a) $425
b) $450
c) $475
d) $500

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