Question
Mr. Seyed Ramsey has employment income of $105000. He owns shares that are listed on the Toronto Stock Exchange. These shares have a fair
Mr. Seyed Ramsey has employment income of $105000. He owns shares that are listed on the Toronto Stock Exchange. These shares have a fair market value of $186000 and an adjusted cost base of 42000. During 2019, these shares are given to a registered Canadian charity. Determine Mr. Ramsey's maximum charitable donations tax credit in 2019.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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