On May 1, 2014, Joseph acquired 750 shares of his corporate employer on the open market. On
Question:
On May 1, 2014, Joseph acquired 750 shares of his corporate employer on the open market. On May 1, 2015, he acquired another 750 shares on the open market. On May 1, 2016, he acquired an additional 1,000 shares under employee stock options. Immediately thereafter, he sold 1,500 shares.
REQUIRED
How should Joseph calculate his cost base on the disposition of his shares?
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In his tax return for 2015 he can designate the 1000 stock option sha...View the full answer
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Related Book For 
Introduction To Federal Income Taxation In Canada 2016-2017
ISBN: 9781554968725
37th Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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