Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sell five of your stocks which you purchased back in May 2022. Please mark down your purchase price day and time along with your selling
Sell five of your stocks which you purchased back in May 2022. Please mark down your purchase price day and time along with your selling price day and time. Calculate the total gain or loss and comment on the Income Tax implications.
Bank of Nova Scotia | BNS | $80.11 | 4.99% | 900 shares | $72,099 | $927,901 | May 12th 1.30PM |
Toronto-Dominion Bank | TD | 91.32 | 3.89% | 800 shares | $73,056 | $854,845 | May 12th 1:31PM |
Atlas Salt Inc. | SALT | $1.88 | 50,000 shares | $94,000 | 760,845 | May 20th 7.53 PM | |
Sigma Lithium Corporation | SGML | $18.70 | 3,000 shares | $56,100 | 704,745 | May 20th 7.58 PM | |
AMV Capital Corporation | AMV | $0.15 | 500,000 shares | $75,000 | 629,745 | May 20th 8.02 PM |
Company name, Symbol, Purchase price per share, Dividend Yield, Number of shares, Total cost, Cash left over, Date, Time of acquisition to the minute.
For Toronto Canada
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started