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SHI has also into an agreement to purchase 100% of the shares of a giftware company, Distinguished Gifts Limited (DGL). The deal is going to

SHI has also into an agreement to purchase 100% of the shares of a giftware company, Distinguished Gifts Limited (DGL). The deal is going to close on May 15, 2020. Lois plans to amalgamate SHI and DGL immediately after the acquisition. DGL has $50,000 in net capital losses and $400,000 in non-capital losses that Lois wants to use to reduce SHI's future income tax liability. How SHI can utilize DGL's losses after the acquisition?

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