The provision of ITA44(1) and ITA13(4) allow a taxpayer to________. Choose the correct answer. A. exclude gains
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Question:
The provision of ITA44(1) and ITA13(4) allow a taxpayer to________.
Choose the correct answer.
A.
exclude gains realized on the voluntary disposition of capital assets
B.
exclude50% of the insurance proceeds received in the event of a disaster loss
C.
recognize losses incurred on the sale of personal assets
D.
defer gains realized on the disposition of property when it is subsequently replaced with new property during the applicable time period
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