An individual owns 540 Class A common shares of Medford Ltd. The ACB of the shares is $29 per share. On December 1 of the current year, all of the shares are sold for $14 each. On December 15 of the current year, the individual purchases 432 Class A common shares of Matrix Ltd. for $16 per share. What are the income tax implications of these transactions? Round your answer to the nearest whole dollar. OA. An allowable capital loss of $1,620 B. No capital gain or capital loss C. An allowable capital loss of $4,050 OD. An allowable capital loss of $810 Ask my instructor 4 Clear all Check