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Canadian Taxation: P realized the following gains and losses in the current year: Gain on sale of public company shares $20,000 Gain on sale of

Canadian Taxation: P realized the following gains and losses in the current year:

  • Gain on sale of public company shares $20,000
  • Gain on sale of listed personal property 2,000
  • Gain on sale of personal-use property 1,000
  • Loss on sale of small business corporation shares (5,000)
  • Loss on sale of listed personal use property (3,000)
  • Loss on sale of personal-use property (5,000)

What is the amount of net taxable capital gains to be reported for the current year?

Answer was not 14000 FYI

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