do required

Tax of country: Canada

do required

#1) (12 Marks) You have decided to get rid of the clutter in your life and downsize the amount of property you own. During the year, you disposed of the following items: Property Sold Personal Vehicle Antique Clock Equipment (Class 8) (Note #1) Small Business Shares (Note #2) Publicly Traded Shares (Note #3) POD $1,800 $1,400 $6,500 $20,000 $40,000 Cost $2,200 $1,200 $7,500 $30,000 $25,000 Selling Fee $0 $0 $0 $0 $20 UCC n/a n/a $26,000 n/a n/a Note #1: You operate a small Sole Proprietorship. There are still other pieces of equipment left after the disposal Note #2: These shares are considered Qualified Small Business Shares Note #3: These are shares of a company listed on the Toronto Stock Exchange. Note #4: LPP Loss Pool available of $3,000 (before application of 50% Rate) for 2017. Taxpayer wishes to use this if they can REQUIRED: Determine the tax impact of each disposal, compute CCA, and summarize the results. What is the LPP Loss Pool Balance at the end of 2017? #1) You have decided to get rid of the clutter in your life and downsize the amount of property you own. During the year, you disposed of the following items: Property Sold Personal Vehicle Antique Clock Equipment (Class 8) (Note #1) Small Business Shares (Note #2) Publicly Traded Shares (Note 83) $1,800 $1,400 $6,500 $20,000 $40,000 Cost Selling Fee $2,200 $0 $1,200 $0 $7,500 $0 $30,000 SO $25,000 $20 UCC n/a n/a $26,000 n/a n/a Note #1: You operate a small Sole Proprietorship. There are still other pieces of equipment left after the disposal. Note #2: These shares are considered Qualified Small Business Shares. Note #3: These are shares of a company listed on the Toronto Stock Exchange. Note #4: LPP Loss Pool available of $3,000 (before application of 50% Rate) for 2017. Taxpayer wishes to use this if they can. REQUIRED: Determine the tax impact of each disposal, compute CCA, and summarize the results. What is the LPP Loss Pool Balance at the end of 2017? #1) (12 Marks) You have decided to get rid of the clutter in your life and downsize the amount of property you own. During the year, you disposed of the following items: Property Sold Personal Vehicle Antique Clock Equipment (Class 8) (Note #1) Small Business Shares (Note #2) Publicly Traded Shares (Note #3) POD $1,800 $1,400 $6,500 $20,000 $40,000 Cost $2,200 $1,200 $7,500 $30,000 $25,000 Selling Fee $0 $0 $0 $0 $20 UCC n/a n/a $26,000 n/a n/a Note #1: You operate a small Sole Proprietorship. There are still other pieces of equipment left after the disposal Note #2: These shares are considered Qualified Small Business Shares Note #3: These are shares of a company listed on the Toronto Stock Exchange. Note #4: LPP Loss Pool available of $3,000 (before application of 50% Rate) for 2017. Taxpayer wishes to use this if they can REQUIRED: Determine the tax impact of each disposal, compute CCA, and summarize the results. What is the LPP Loss Pool Balance at the end of 2017? #1) You have decided to get rid of the clutter in your life and downsize the amount of property you own. During the year, you disposed of the following items: Property Sold Personal Vehicle Antique Clock Equipment (Class 8) (Note #1) Small Business Shares (Note #2) Publicly Traded Shares (Note 83) $1,800 $1,400 $6,500 $20,000 $40,000 Cost Selling Fee $2,200 $0 $1,200 $0 $7,500 $0 $30,000 SO $25,000 $20 UCC n/a n/a $26,000 n/a n/a Note #1: You operate a small Sole Proprietorship. There are still other pieces of equipment left after the disposal. Note #2: These shares are considered Qualified Small Business Shares. Note #3: These are shares of a company listed on the Toronto Stock Exchange. Note #4: LPP Loss Pool available of $3,000 (before application of 50% Rate) for 2017. Taxpayer wishes to use this if they can. REQUIRED: Determine the tax impact of each disposal, compute CCA, and summarize the results. What is the LPP Loss Pool Balance at the end of 2017