Bruce received $22,000 in commissions working part-time as a real estate agent; $275 in Interest from...
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Bruce received $22,000 in commissions working part-time as a real estate agent; $275 in Interest from a Government of Canada bond; $6,000 in taxable capital gains from the sale of his equity mutual funds; $185 in dividends from the preferred shares of a publicly traded U.S. corporation; $1,500 in rent payments each month from a condominium he rents out and $1,200 in interest from a non-registered annuity. How much did Bruce earn in property income? Bruce received $22,000 in commissions working part-time as a real estate agent; $275 in Interest from a Government of Canada bond; $6,000 in taxable capital gains from the sale of his equity mutual funds; $185 in dividends from the preferred shares of a publicly traded U.S. corporation; $1,500 in rent payments each month from a condominium he rents out and $1,200 in interest from a non-registered annuity. How much did Bruce earn in property income?
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To calculate Bruces property income we need to consider the rent pay... View the full answer
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Posted Date:
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