Question
Let's say I have an asset with an ACB of $5,000 and the FMV is $7,500.Under ITA 69(1) what happens if I sell the asset
Let's say I have an asset with an ACB of $5,000 and the FMV is $7,500.Under ITA 69(1) what happens if I sell the asset to my dad at $10,000? What are the tax implications to both me and my dad?
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According to ITA 691 When a taxpayer acquires something from a person with whom he or she w...
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
