Introduction to taxation

Introduction to fedral income taxation in Canada

QUESTION 20 Early in 2011, Mrs. Knowitall bought $120,000 of common shares in a public Canadian company with annual dividend of $6,000. Mrs. Knowitall would like to transfer these shares to market value of the shares is $180,000. her husband. At the present time the fair What are the tax implications for Mrs. Knowitall and her husband,if the shares are gifted to her husband? (12 marks) Words:0 Path: p QLESTION 21