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Please respond on excel aul and 1 tab oul otherwise the assignment will net be GradedJohn Lackey lives in Northern Ontario. He is an employee
Please respond on excel aul and tab oul otherwise the assignment will net be GradedJohn Lackey lives in Northern Ontario. He is an employee of the Canadian Tire Corperation. In his employment income was $t Also herecelved mterest incorse of and tasable son eligible dividend iscomse af$ This dividend also has a dividend tax credit af $John also ouns a sole proprietarship called Lackey's Small Repairs. The business was profitable until wbere he had a business loss of $ He tells you that in the addition of the business loss, he has obsolete imentory that he has accumulated over the year. The inventory cost of and Mr Lackey was wondering it he could get capital loss to apply to his capital gains far the current year.In addition, Mr Lackey also has net rental income of $ Nt Lackey also has investments in share of Bell Canada and Enbridge Inc In he purchased Bell shares each and Ealridge shares @ each. During the year he sald Beil Shares @ $ and Enbridge shares S These transactions mere or December OEDecember Mr Lackey purchased share of Bell Stock $ and shares of Enbndge Stock $ MR Lackey is boping that the capital loss wil negate the capital gzine.Ar Lackey sold his Principal Residence in June for and his purchase price was back in He then moved to his cap which use to be reuted out until June The cost of the camp and the UCC was and the FMV wa: $Mir Lackey never teal: CCA as he mas going to retire zt camp, he parcbased in Plezze calculate the divisior B Income, Capital Loss carry forward if any Show all of your calculation for the stock transactions for the inclusion or exclusion in the Division B Income, Also show the ACS of the Bell and Echnige Stock.Show all calculation with regard: to the principal residence rule and the tas consequence of moving to the Canip.
Please note any solution that is msert this amount or put nil, otharwise it will be marked that vou did not respond lose A mark
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