Following the death of an elderly uncle, Maurice inherited investments he held in publicly traded company shares. At the time of death, the fair market value $($FMV$)$ of the investments was $$2,000,000.$ These investments were held in a non$-$registered portfolio $($in other words, they were not held in RRSPs or TFSAs$)$ and had been acquired at a cost of $$500,000$ by your uncle. What are the tax consequences of this inheritance for Maurice?

Please choose an answer.

a$.$ No tax consequences for Maurice.

b$.$ Maurice will have to include a taxable capital gain of $$1,000,000$ in his income.

c$.$ Maurice will have to include $$2,000,000$ in income.

d$.$ Maurice will have to include a taxable capital gain of $$750,000$ in his income.