Which of the Following Statements with Respect to the Lifetime

Which of the following statements with respect to the lifetime capital gains deduction is correct?

A) For purposes of calculating this deduction, the annual gains limit is reduced by the amount of the individual's CNIL.
B) It is always preferable to deduct net capital loss carry overs prior to making any use of the lifetime capital gains deduction
C) For 2020, the maximum deduction for qualified small business corporations is different than the maximum deduction for qualified family farm corporations.
D) The cumulative gains limit includes the annual gains limits for all previous years, but not for the current year.