Indicate the income tax consequences to the relevant shareholders of the transaction(s) described in each of the following four independent cases, including identifying the applicable IT 84 deemed dividend provision. Tax consequences include the increase or decrease in the individual shareholder's net and taxable income, any change in the ACB and PUC of any shares that are still outstanding after the described transaction(s), and any federal dividend tax credits. Assume that any dividends will be non-eligible. View Case 1. LOADING... View Case 2. LOADING... View Case 3. LOADING... View Case 4. LOADING... Question content area bottom Part 1 Case 1. Complete the following sentence. The applicable IT 84 deemed dividend provision is ITA 84(1). ITA 84(2). ITA 84(3). ITA 84(4). ITA 84(4.1). Part 2 Answer the following questions. (Round your answers to the nearest whole dollar.) What is the deemed dividend? What amount will be included in net income? To what federal tax credit will the individual be entitled? To what value will the PUC of Mr. Foster's shares be reduced? To what will the ACB of Mr. Foster's shares be reduced? Part 3 Case 2. Complete the following sentence. The applicable IT 84 deemed dividend provision is ITA 84(1). ITA 84(2). ITA 84(3). ITA 84(4). ITA 84(4.1). Part 4 Answer the following questions. (Round your answers to the nearest whole dollar.) What is the deemed dividend? What is the taxable capital gain? What is the total increase in net income? To what federal dividend tax credit will the individual be entitled? To what value will the PUC of Mr. Foster's shares be reduced? Part 5 Case 3. Complete the following sentence. The applicable IT 84 deemed dividend provision is ITA 84(1). ITA 84(2). ITA 84(3). ITA 84(4). ITA 84(4.1). Part 6 Answer the following questions. (Round the per share amounts to the nearest cent. Round all other answers to the nearest whole dollar.) What is the deemed dividend? On what per share value will the deemed dividend be allocated? What is Sada's share of the dividend? By how much does Sada's net income increase? What is the ACB of Sada's shares? To what federal tax credit is Sada entitled? What taxable capital gain results from selling the shares? What is the total increase in net income from selling the shares? Part 7 Case 4. Complete the following sentence. The applicable IT 84 deemed dividend provision is ITA 84(1). ITA 84(2). ITA 84(3). ITA 84(4). ITA 84(4.1). Part 8 Answer the following questions. What is the taxable dividend? What is the allowable capital loss? What is the new ACB?