Question
MS. sheilds is sole shareholder of Sheilds Ltd. a CCPC, with shares FMV value of 920,000, ACB of 500,000 and PUC 400,000. No Grip Balance,
MS. sheilds is sole shareholder of Sheilds Ltd. a CCPC, with shares FMV value of 920,000, ACB of 500,000 and PUC 400,000. No Grip Balance, Ms. Shields exchanges all of shares for cash of 480,000 and preferred shares of 440,000
What is the ACB and PUC of the redeemable preferred shares ?
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When Ms Shields exchanges all her common shares for cash and preferred shares there is deemed to be ...
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
