Ms. Plant decided to purchase shares in Schvantz Ltd., a public company. She purchased 800 shares at

Question:

Ms. Plant decided to purchase shares in Schvantz Ltd., a public company. She purchased 800 shares at $25 per share plus brokerage of $690 on May 24, 1998.
The following additional transactions took place:
June 30, 1999 - Purchased 500 shares of Shtupp Metals Ltd., a public company, at $35 plus brokerage of $600.
Aug. 20, 1999 -Purchased 1,100 additional shares of Schvantz Ltd. At $30 plus brokerage of $940.
Aug. 27, 2001 - Sold 900 shares of Schvantz Ltd. at $24.50 per share plus brokerage fee of $760.
Sept. 20, 2001 -Purchased 600 additional shares of Schvantz Ltd. at $19.50 plus brokerage of $400.
Oct. 31, 2001 - Sold 200 shares of Shtupp Metals Ltd. at $32 per share plus brokerage fee of $220.
June 9, 2003 - Sold 250 shares of Schvantz Ltd. at $32 per share plus brokerage fee of $275.
May 24, 2005 - Received a 10% stock from Shtupp Metals Ltd. (i.e., 30 shares) of which $20 per share issued was credited to paid-up capital.
June 30, 2007 -Sold 150 shares of Shtupp Metals Ltd. at $36.50 per share plus brokerage fee of $165.
Aug. 20, 2009 - Received 10% stock from Schvantz Ltd. of which $20 per share issued was credited to paid-up capital.
Dec. 28, 2012 - Sold 350 shares of Schvantz Ltd. at $29 per share plus brokerage fee of $355, settlement date January 4, 2013.
REQUIRED
Calculate the taxable capital gain or allowable capital loss for Ms. Plant from each of the above sales. Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...