Gino has unused RRSP contibution room of $35,000 avaliable for his 2019 taxation year. he decides that, during 2019, he will contribute $35,000 to his RRSP in the following:

he will transfer the follwing shares to his RRSP:

ABC Public Corp 1000 shares - FMV $25,000 original cost $10,000

XYZ corporation 500 shares - FMV $10,000 Original Cost $25,000

required

what are the tax consequences to Gino resulting from the above action?