D sold capital property in the current year for net proceeds of $800,000. The property has an
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D sold capital property in the current year for net proceeds of $800,000. The property has an adjusted cost base of $100,000. B received $50,000 at the time of the sale and a note for the balance to be paid in equal annual instalments over the following eight years.
What is the minimum taxable capital gain to be reported in the current year?
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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