Consider the following transactions in the shares of Dachshund Airways Ltd: REQUIRED Compute the taxable capital gains,
Question:
Consider the following transactions in the shares of Dachshund Airways Ltd:
REQUIRED
Compute the taxable capital gains, if any, on the 2009 and the 2016 sales.
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Date April 2004 March 2006 Aug. 2009 June 2012 July 2014 Oct. 2016 Type of transaction Purchase Purchase Sale Purchase Purchase Sale Number of shares 100 150 (200) 100 300 (250) Cost per share (selling price) $1 2 (3) 4 5 (6) Total cost (selling price) $ 100 300 (600) 400 1,500 (1,500)
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There are 200 shares with a weighted average cost of 440 ...View the full answer
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Related Book For
Introduction To Federal Income Taxation In Canada 2016-2017
ISBN: 9781554968725
37th Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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