Question: In the current year, Beth has a taxable capital gain of $20,000 from disposing of shares of various public companies. She has a net capital

In the current year, Beth has a taxable capital gain of $20,000 from disposing of shares of various public companies. She has a net capital loss of $7,500 from 1998 when the capital gains inclusion rate was 3/4.
Determine the maximum net capital loss deduction for the current year. Income tax reference: ITA 111(1)(b), 111(1.1).

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