Your client wants to know the tax implications of their mutual fund transactions. The mutual fund in question is held in a non-registered account. MTR is 35% and your client has the following details (Modified from IFSE): Trans # 1 2 3 4 Date January, 2015 June, 2017 December, 2017 November, 2020 Details Purchase Purchase reinvested distribution, 2.50/unit capital gain Redemption How many units does your client hold after transaction #2? How much was the total distribution in transaction #3? What was the tax payable on the distribution? Amount NAVPU $40,000.00 $20.00 $20,000.00 $18.00 n/a $22.00 $60,000.00 $28.00 nde Car Dei fe ra 14