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Individual A owns shares of a Canadian - controlled private corporation. All of the corporation s past income has been eligible for the small business

Individual A owns shares of a Canadian-controlled private corporation. All of the corporations past income has been eligible for the small business deduction. The shares are valued at $500,000 and have an ACB and PUC of $200,000. In the current year, The corporation redeems the shares and A receives $500,000. What amount is included in As taxable income?

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