Sharon Slotten purchased shares in ATCO Ltd. during the current year as follows:
	Jan. 1: 200 shares for $25 per share
	April 2: 300 shares for $30 per share
	July 1: 100 shares sold for $45 per share
	Sept. 8: 500 shares for $24 per share
On December 22, of the current year Sharon sells 200 ATCO Ltd. shares for $35 per share and
pays $100 in sales commission.
Required: Calculate the taxable capital gain or loss included in Sharon's NET INCOME under
paragraph 3(b) of the Income Tax Act.
Solution:
Date	No. of shares	Cost per share	Cost in Pool
Jan.1
Apr.2
Subtotal
01-Jul
Sept.8
Total
Calculation of Capital Gain:	01-Jul	Dec.22
Proceeds of disposition
Selling costs
Adjusted cost base
Capital Gain (loss)
Capital Gains reserve
Capital Gain
Inclusion rate
Taxable capital gain
Total		$ -