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The taxable amount of a capital gain is calculated as __________. Choose the correct answer. the proceeds realized on the sale of an asset less
The taxable amount of a capital gain is calculated as __________.
Choose the correct answer.
| the proceeds realized on the sale of an asset less its adjusted cost base. |
| 50% of the proceeds upon disposition of a capital asset |
| 50% of the total capital gain |
| 50% of the amount by which taxable capital gains exceed allowable capital losses |
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