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G is employed by a Canadian-controlled private corporation. In year 1,G was granted a stock option to acquire 1,000 shares from the treasury of his

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G is employed by a Canadian-controlled private corporation. In year 1,G was granted a stock option to acquire 1,000 shares from the treasury of his employer's corporation for $8 a share. At the time of receiving the option, the shares were valued at $10 per share. In year 3,G exercised his option and purchased 1,000 shares for $8,000. At the purchase date in year 3 , the shares were valued at $15 per share. In year 5,G sold 1,000 shares for $20 per share. What amount is included in G's employment income for tax purposes in year 3 ? G is employed by a Canadian-controlled private corporation. In year 1,G was granted a stock option to acquire 2,000 shares from the treasury of his employer's corporation for $9 a share. At the time of receiving the option, the shares were valued at $11 per share. In year 3,G exercised his option and purchased 2,000 shares for $18,000. At the purchase date in year 3 , the shares were valued at $14 per share. In year 6, G sold 2,000 shares for $19 per share. What amount is included in G's employment income for tax purposes in year 6? K is required to use her own automobile for employment purposes. She incurred the following expenses in the current year: Gasoline $2,200, Insurance $1,300, Repairs $700, Parking for employment purposes $250, Interest on car loan $3,900 for 12 months, and Capital cost allowance $5,000. K drove the car 23,000km of which 13,000km were for employment purposes. What is the maximum amount that K is permitted to deduct from employment income in the current year? Note: Do not place a minus sign in front of the amount

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