MS. sheilds is sole shareholder of Sheilds Ltd. a CCPC, with shares FMV value of 920,000, ACB
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MS. sheilds is sole shareholder of Sheilds Ltd. a CCPC, with shares FMV value of 920,000, ACB of 500,000 and PUC 400,000. No Grip Balance, Ms. Shields exchanges all of shares for cash of 480,000 and preferred shares of 440,000
What is the ACB and PUC of the redeemable preferred shares ?
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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