Vladimir owns units of a mutual fund in an unregistered account. The adjusted cost base is $1,000. He decides to transfer the units to his RRSP. The net asset value of the units at the time of the transfer is $900. What are the tax consequences?
a) There is an allowable capital loss of $100.
b) There is an allowable capital loss of $50
There is no taxable gain or allowable loss.
insufficient data to answer the question