Meredith contributed 1,000 shares of ABC stock to her RRSP at a price of $20 per share.

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Meredith contributed 1,000 shares of ABC stock to her RRSP at a price of $20 per share. The adjusted-cost base of the shares is $18. Which statement(s) accurately describes the tax implications of her contribution? She will be able to claim a tax deduction equal to $20,000, multiplied by her marginal tax rate. She will be able to claim a tax deduction equal to $18,000, multiplied by her marginal tax rate. She will be liable for capital gains tax on her accrued gain of $2,000. A & C

Posted Date: May 18, 2024 03:07 PM

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Meredith contributed 1,000 shares of ABC stock to her RRSP at a price of $20 per share.

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