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Finally, determine the inclusion to net income for tax purposes (NIFTP) for Ms. Gladys Canby, if any, that will result from the transaction. Remember the

Finally, determine the inclusion to net income for tax purposes (NIFTP) for Ms. Gladys Canby, if any, that will result from the transaction. Remember the ACB and PUC of the new preferred shares are $0. Assume all dividends are non-eligible (Gross up = 15%)

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