. Suhail gave some public company common shares to his six-year-old daughter during the year as a gift. The shares had an adjusted cost base (ACB) of $50,000 and a fair market value (FMV) of $90,000 at the time they were given to his daughter. Which of the following statements about this transaction is true?

a) Suhail will have to report a taxable capital gain of $20,000.

b) Only the dividend income from these shares will be reported on Suhail's tax return until his daughter turns 21, after which attribution will end.

c) Suhail is not required to report any gain or loss on this transaction, as it is a gift. When his daughter eventually sells these shares in the future, the capital gain will be attributed to Suhail.

d) Any future dividends and capital gains from the sale of these shares will be attributed to Suhail until his daughter reaches the age of 18.