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Question 2 Katie has Canadian public company shares that are worth $150,000 and pay a dividend of $7,500 each year. Her adjusted cost base on
Question 2 Katie has Canadian public company shares that are worth $150,000 and pay a dividend of $7,500 each year. Her adjusted cost base on these shares is $65,000. She is already in the top tax bracket. She would like Darrin's advice on the following proposed transactions: Sell the shares to her husband (1) Sell the shares to him for cash of $150,000. (2) Sell the shares to him for a non-interest-bearing note of $150,000. (3) Sell the shares to him for cash of $75,000. Sell the shares to her 25 -year-old daughter (1) Sell the shares to her for cash of $150,000. (2) Sell the shares to her for a non-interest-bearing note of $150,000. (3) Sell the shares to her for cash of $75,000
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