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An individual, who operates a business as a sole proprietor, had the following transactions during 2 0 2 3 : 1 Interest income from investments
An individual, who operates a business as a sole proprietor, had the following
transactions during :
Interest income from investments of $
Dividend income from a public corporation of $
Dividend income from a private corporation of $
Dividend income from a foreign corporation of $
Net rental income of $
Net business income before CCA deductions of $
Proceeds from sales of stock of $adjusted cost base of $
Proceeds from sales of listed personal property of $adjusted cost base of $
Proceeds from sales of personal use property of $adjusted cost base of $
Donation of public corporation stock to a public charity: fair market value of $ adjusted
cost base of $
Information on the assets used in the sole proprietorship business are as follows:
Purchase of first vehicle for use in the business $
Class undepreciated capital cost UCC at the beginning of the year is $
Class UCC at the beginning of the year is $
Proceeds from sale of a portion of Class property $
Proceeds from sale of all Class property $
Answer the following questions:
a How much dividend income will be included in net income in
b How much total property income income from property" will be included in net income in
c How much taxable capital gain or loss will be included in net income in
d What is the maximum CCA deduction that may be claimed for the business in
e How much business income will be included in net income in
f What is net income for
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