Question 15 (1 point) On February 1, Year 6, Lanni gifted shares of Marchant Inc. (Marchant), a Canadian public company, to her 15-year-old daughter, MacKenzie. At that time, the fair market value of the shares was $33,000 and the adjusted cost base of the shares was $40,000. During the year, the shares paid dividends of $1,000. MacKenzie sold the shares to an unrelated individual at the end of the year for $49,000. Which one of the following is true?

Question 15 options: Lanni will realize an allowable capital loss of $3,500 that she can claim against taxable capital gains realized in the year, if any. She will also include dividends of $1,380 in her income. MacKenzie will include an $8,000 taxable capital gain in her income.

Lanni will include a taxable capital gain and a dividend of $4,500 and $1,380 respectively in her income. There will be no impact on MacKenzie's income.

Lanni will realize an allowable capital loss of $3,500 that she can claim against taxable capital gains realized in the year, if any. MacKenzie will include an $8,000 taxable capital gain in her income. She will also include dividends of $1,380 in her income.

Lanni will include a dividend of $1,380 in her income and MacKenzie will include a taxable capital gain of $4,500 in her income.