You've bought and sold various companies that trade on the TSX$.$ See below for the trading history of Sprott Ltd:

Date. Bought $($Sold$)$ # of Shrs Price$/$Shr on TSX$.$ Broke Fees.

$01-$Feb$-211,000$ $$10\mathrm{.}0010\mathrm{.}00$

$20-$Feb$-21.500$ $$8\mathrm{.}0010\mathrm{.}00$

$04-$Apr$-21-1,000$ $$7\mathrm{.}0010\mathrm{.}00$

$01-$May$-21700$ $$7\mathrm{.}5010\mathrm{.}00$

$05-$Nov$-21-50015\mathrm{.}0010\mathrm{.}00$

$$ 

 

REQUIRED:

Determine the minimum net taxable capital gains$/$losses on the disposals. Compute the ending ACB at the

end of the year for the remaining shares. Also, be sure to comment on whether or not there are any loss

carry overs.

Answer rating: 100% (QA)

To determine the minimum net taxable capital gainslosses on the disposals for Sprott Ltd and compute the ending ACB Adjusted Cost Base at the end of t... View the full answer