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Sonia and kyle are married and own the following assets. Asset Title ACB FMV Home Joint $200,000 $450,000 QSBC Shares Sonia $50 $850,000 RRSP Kyle

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Sonia and kyle are married and own the following assets. Asset Title ACB FMV Home Joint $200,000 $450,000 QSBC Shares Sonia $50 $850,000 RRSP Kyle $225,000 RRSP Sonia $31,000 Mutual Funds - non- Kyle $490,000 $255,000 registered Sonia and Kyle have each written a will that leaves their entire estate to the other. Questions: Show all reasoning and calculations a) If Kyle dies first, what is the taxable income to include in his final tax return? Assume no other income

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