In order to increase your potential retirement funds you opened a trading account in 2019 and have been investing ever since. You particularly like two shares that you have heavily investing in over the years. Your investment portfolio shows that your have the following purchase and sales of Royal Snow Inc. shares: Date Purchase or Sale # Shares $ per Share June 18, 2019 Purchase 451 42 November 16, 2019 Purchase 164 11 August 20, 2021 Sale -153 74 Your investment portfolio shows that your have the following purchase and sales of Spring Blooms Ltd. shares: Date Purchase or Sale # Shares $ per Share August 9, 2019 Purchase 153 26 April 18, 2020 Purchase 116 53 December 24, 2020 Purchase 266 42 August 26, 2021 Sale -138 25 September 20, 2021 Purchase 431 32 REQUIRED: 

Calculate the Taxable Capital Gain/Allowable Capital Loss on the disposition of the shares in 2021. 2. Determine the Adjusted Cost Base for the remaining shares on hand as of December 31, 2021 for the Royal Snow Inc. and Spring Blooms Ltd. shares.

Answer rating: 100% (QA)

Answer To calculate the taxable capital gainallowable capital loss on the disposition of the shares in 2021 we need to determine the adjusted cost base ACB of the shares sold and subtract it from the ... View the full answer