Lilly passed away last year leaving all of her assets to her husband Larry. At the time of her passing, she held an investment portfolio with a fair market value of $1,000,000 and an adjusted cost base of $500,000. As her executor, Larry elects to transfer the investment portfolio at fair market value. Why would Lilly choose to do this? Lilly wanted Larry to donate a sum of money to a charity of his choosing Larry has ample RRSP room Because capital gains rates will be decreasing Lilly is in possession of capital loss carry forward credits