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Meredith contributed 1,000 shares of ABC stock to her RRSP at a price of $20 per share. The adjusted-cost base of the shares is $18.

Meredith contributed 1,000 shares of ABC stock to her RRSP at a price of $20 per share. The adjusted-cost base of the shares is $18. Which statement(s) accurately describes the tax implications of her contribution?

She will be able to claim a tax deduction equal to $20,000, multiplied by her marginal tax rate.

She will be able to claim a tax deduction equal to $18,000, multiplied by her marginal tax rate.

She will be liable for capital gains tax on her accrued gain of $2,000.

A & C.

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