Capital Gains Realized on Redemption Jane purchased $25,000 worth of XYZ fund in May of 2017 inside her non-registered investment account. The fund had a 2% front-end commission and at the time that Jane made the purchase, the fund was trading at a NAVPS of $100. She did not purchase any additional units of the fund, but she did set-up automatic reinvestment of any distributions received. In August of 2018, Jane cashed-in $12,500 of the fund when it was trading at a NAVPS of $105.80 to take a vacation to Hawaii. Assuming that Jane did not redeem any more units of the fund and that her marginal tax rate was 41% for 2018, what amount of tax would she have paid on the withdrawal for 2018? (round to 2 decimal places for $ amounts and 3 decimal places for fund units) Date 29-Jun-18 20-Dec-17 30-Jun-17 Distribution 1.75 2.00 1.50 NAVPS Immediately Prior to Distribution 104.75 100.00 102.50 Date # of Units held New units acquired Per unit dividend amount Total dividend paid May 2017 Jun 30, 2017 Dec 20, 2017 Jun 29, 2018 August 2018