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Personal taxation question In 2023, the shareholder of a Canadian public corporation received dividends of $4,000 and eamed interest from Bonds of $20,000. They sold
Personal taxation question
In 2023, the shareholder of a Canadian public corporation received dividends of $4,000 and eamed interest from Bonds of $20,000. They sold the shares for $40,000 that had an adjusted cost base (ACB) of $8,000. They had net capital losses (NCL) of $3,500 What would be the person's net income for tax purposes?
Multiple Choice A) $56,640 B) $40,640 C) $41,520 D) $57,520
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