1 You own two rental properties. Revenue Expenses Property A $34,000 $22,000, includ Cost $44,000 building $6,000 to reshingle $50,000 land asphalt shingle UCC $35,000 Property B $10,000 $27, Cost $49,000 building $42,000 land UCC $35,000 Sold 2015 Building $50,000 Land $60,000 Commission & legal fees $3,000 2 You have various investments that generate interest income. Interest of $2,000 received each quarter on an investment in bonds. Th bond matures in 20 years and the interest is received on February 1, M August 1 and November 1 On May 1, 2016, you invested $55,000 in another GIC that will mature years. The GIC pays 5% interest compounded monthly. 3 You have invested in shares in order to receive dividend revenue, as well as c gains. You have received the following dividends this year: $12,000 in dividends received from a CCPC that receives the small bus deduction on all their income. $10,000 in eligible dividends received from a large public corporation. 4 You received $45,000 from the sale of shares on May 10, 2016. On January 1 you held 10,000 shares in this corporation. The shares had an average cost of share. On May 10, 2016, you sold 9,500 shares and paid a brokerage fee of $ 5 In July, 2016 you sold a painting to your neighbour. The original cost was $10, sold the painting for $14.000