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John is moving to BC, so he selling following items in 2020. Proceeds of dispositions (POD) and ACB are as follow: He had to sell
John is moving to BC, so he selling following items in 2020. Proceeds of dispositions (POD) and ACB are as follow:
He had to sell his favourite gym items too. (purchased recently during store closing with deep discount). Because of pendamic he could sell at higher market price, but worried whether he could get same discount again at BC. How much taxable capital gain or allowable capital loss John should report in 2020?
Items -> | Car | TV | Furnitures | Gym Items |
POD | 8500 | 500 | 800 | 1400 |
ACB | 15000 | 900 | 1200 | 950 |
Multiple Choice
-
7450
-
200
-
225
-
-7900
*Canadian Taxation
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