In the current year, Valerie disposed of the following personal items: Valerie has an unclaimed capital loss

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In the current year, Valerie disposed of the following personal items:
In the current year, Valerie disposed of the following personal

Valerie has an unclaimed capital loss on listed personal property of $3,000 that was incurred five years ago.
Determine Valerie€™s net taxable capital gains to be reported for the current year. Income tax reference: ITA 3(b), 40(2)(g)(iii), 41(1), (2), 46(1), 54.

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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