Question
Yang owns 800 units in a mutual fund that invests exclusively in the shares of Canadian public corporations. During 2020, the fund paid a distribution
Yang owns 800 units in a mutual fund that invests exclusively in the shares of Canadian public corporations. During 2020, the fund paid a distribution of $1.50 per unit. One-half of the distribution was eligible dividend income and the remaining half was capital gains. By how much will Yang's Taxable Income increase as a result of the distribution?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
