In March 2018, Robert invested $20,000 in a segregated fund contract in his RRSP. By December 2018,

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Question:

In March 2018, Robert invested $20,000 in a segregated fund contract in his RRSP. By December 2018, the value of Robert's investment had increased to $30,000. In March 2019, the value was still $30,000 and Robert sold the fund and withdrew the entire amount. What are the tax implications of Robert's investment?

A) No tax implications

B) $30,000 income must be reported in 2019

C) $10,000 capital gain must be reported in 2019

D) $5,000 taxable capital gain must be reported in 2018