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Assignment 2 The following information is for Doug Santiago for the 2 0 2 3 taxation year: Doug sold shares of a qualified small business

Assignment 2
The following information is for Doug Santiago for the 2023 taxation year:
Doug sold shares of a qualified small business corporation (QSBC), for $480,000. The ACB of the shares was $187,000. and selling costs were $4,000.
Also, in 2023 Doug realized a business investment loss (before any adjustment) of $267,000.
At the end of 2023, Doug had a Cumulative Net Investment Loss (CNIL) balance of $2,300.
Doug has a 2019 net capital loss balance of $3,400[(1/2)($6,800)] that he would like to use to minimize tax in 2023.
Doug claimed the capital gains deduction to eliminate a 2013 capital gain of $29,500, as well as a 2016 capital gain of $49,000.
Required:
Doug has asked you to calculate his capital gains deduction for 2023 supported by all the necessary calculations. (MAKE SURE TO INCLUDE ALL THE STEPS AND CALCULATIONS).

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