Question
David receives $125,000 from the sale of his cottage. He also owns a home in the city that he considers his primary residence. His
David receives $125,000 from the sale of his cottage. He also owns a home in the city that he considers his primary residence. His adjusted cost base was $25,000 and the capital gains inclusion rate is 50%. What is David's taxable capital gain? (2 pts)
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Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
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