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Claire passed away during 2020. At the time she passed away, she owned her home which had a cost of $100,000 and a fair market
Claire passed away during 2020. At the time she passed away, she owned her home which had a cost of $100,000 and a fair market value of $160,000, and an RRSP account with a cost of $30,000 and a fair market value of $70,000. Both of these assets were left to her children. Calculate the income to be reported on Claire's personal tax return as a result of her passing?
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
