Martha sold all the units of some mutual funds that she owned for proceeds of $40,000. She had bought them for $20,000. This amount bought 1,185.319 units in the fund. She has never taken any money out of the fund; any income has been reinvested automatically. Over the years, her information slips have indicated the following:

REQUIRED
Determine Martha’s capital gain or loss on the sale of her mutual fund units.

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2016 2015 Dividend Received $2,000 1,000 $3,000 Taxable Dividend $2,760 1,380 $4,140 Federal Dividend Tax Credit $415 207 $ 622 Taxable Capital Gain $1,500 300 $ 1,800