Question
Elena held several securities in her non-registered account, including ABC shares on which she had a substantial accrued gain; DEF shares, which are trading significantly
Elena held several securities in her non-registered account, including ABC shares on which she had a substantial accrued gain; DEF shares, which are trading significantly below her adjusted cost base; and an ETF with a market price equal to her adjusted cost base. If she wishes to make an in-kind contribution to her RRSP, which securities are the most tax efficient choice?
a. ETF
b. ABC
c. DEF
d. No tax effects would result from the contribution of any of the 3 securities.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
