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7 Charles owns a $10,000, U.S. dollar denominated T-bill, which he bought at $9,877.25 US. The exchange rate at the time of purchase was $US
7 Charles owns a $10,000, U.S. dollar denominated T-bill, which he bought at $9,877.25 US. The exchange rate at the time of purchase was $US 0.7541. The investment matured when the exchange rate was $US 0.7412. What is the amount of Charles' capital gain or loss on this investment for Canadian tax purposes?
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Law Business and Society
Authors: Tony McAdams
11th edition
78023866, 978-9814577311, 9814577316, 978-0078023866
