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In 2005 Jill purchased 100 shares of XYZ Inc. for US$I .50 per share, when the exchange rate was CDN$35=US$l.OO. In 2010, Jill sold all
- In 2005 Jill purchased 100 shares of XYZ Inc. for US$I .50 per share, when the exchange rate was CDN$35=US$l.OO. In 2010, Jill sold all ofher XYZ Inc. shares for US$2.50 per share, when the exchange rate was CDN$ I .45=US$l .00. As a consequence of this transaction, Jill's taxable income for 2010 (in Canadian currency) will be increased by the following amount:
- $ 75.00 (3) $100.00 (5) $108.75
- $ 80.00 (4) $101.25 (6) $160.00
- $ 75.00 (3) $100.00 (5) $108.75
- $ 80.00 (4) $101.25 (6) $160.00
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