1. In 2018, Angela Mok uses her lifetime capital gains deduction to eliminate a $20,000 taxable capital gain. During 2020, she had employment income of $40,000, a capital gain of $30,000, and a business investment loss of $40,000. What is the amount of Lorries Taxable Income for 2020?

   		. $55,000
   		$58,000
   		$35,000
   		$48,000

Brian Lawson owns land with an adjusted cost base of $200,000 and a fair market value of $300,000. He sells the land to his son for $200,000. Which of the following statements is correct?

		Brain will have a taxable capital gain of $100,000 and the adjusted cost base of the land to his son will be $200,000.
		Brain will have a taxable capital gain of $100,000 and the adjusted cost base of the land to his son will be $300,000.
		Brain will have a taxable capital gain of $50,000 and the adjusted cost base of the land to his son will be $200,000.
		Brian will have a taxable capital gain of $100,000 and the adjusted cost base of the land to his son will be $200,000.