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Which of the following does not describe a situation relevant for claiming the capital gain deduction (CGD) for 2019? Multiple Choice The cumulative net investment

Which of the following does not describe a situation relevant for claiming the capital gain deduction (CGD) for 2019?

Multiple Choice

  • The cumulative net investment loss (CNIL) is a limit on the amount of the CGD that can be claimed.
  • The gain realized on the disposition of any small business corporation shares qualifies for the CGD.
  • The maximum CGD for gains realized on qualifying property is one-half of $866,912 or $433,456.
  • This CGD is discretionary and can be deferred to a sale in the future when the tax rate may be higher.

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