Assume you bought shares worth $7,000 and sold them 4 years later for $10,000. Calculate the amount of tax you would owe on your capital gains if your marginal tax rate (federal + provincial) is 42%.

Note: I did this calculation but I got wrong answer please use a different method to get the right answer

Capital Gain = Today's Price - Purchase Price

= 10000 - 7000

= 3000

Capital Gain Tax = 3000 * 42%

= 1260 this is wrong answer.