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The paid-up capital (PUC) of shares of a corporation held by a shareholder could be different from the adjusted cost base (ACB) of those shares
The paid-up capital (PUC) of shares of a corporation held by a shareholder could be different from the adjusted cost base (ACB) of those shares when \ The shareholder had the shares bought back (i.e. redeemed) by the corporation. \ The shareholder purchased the shares from treasury at the time of incorporation in exchange for property other than cash. \ The shareholder purchased the shares from another shareholder. \ The shareholder purchased the shares from treasury at the time of incorporation in exchange for cash.
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