Mr. Doug Hart, who lives in Ontario, is contemplating moving to Switzerland. He came to you to
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Compute the minimum amount of taxable capital gains that Mr. Hart will have to report in 2012.
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Residence Toronto home Farm Quebec Condominium in Florida Date of purchase 2005 2007 2010 Cost $160,000 100,000 150,000 Selling price $240,000 148,000 186,000 . . .
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All residences qualify as principal residences according to the definition in section 54 because they are housing units that are ordinarily inhabited ...View the full answer
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Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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