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On February 17, 2004 Tristian purchased a $100,000 non-registered segregated fund that invested in Canadian equities. The segregated fund had a 10 year, 75% maturity
On February 17, 2004 Tristian purchased a $100,000 non-registered segregated fund that invested in Canadian equities. The segregated fund had a 10 year, 75% maturity guarantee. During those ten years Tristian received and maintained allocations of $50,000. On February 17, 2014 Tristian's fund matured and had a value of $180,000. Given this scenario how much money did Tristian receive upon maturity? Select one: 00 a. $180,000, tax free b. $105,000, tax free c. $180,000, $30,000 of which is taxable d. $180,000, $75,000 of which is taxable Next page
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