Carol Ann Thomas emigrated from Canada this year. At the time she left, she owned 500 shares
Question:
Carol Ann Thomas emigrated from Canada this year. At the time she left, she owned 500 shares of XYZ Ltd., a listed company on a designated Canadian stock exchange. The fair market value of the shares at that time was $20. Her ACB was $8 per share.
REQUIRED
What would Carol Ann report on her Canadian tax return for the year of departure?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Properties of an individual exempt from the deemed disposition rule are 1 Real property situated in Canada Canadian or timber resource properties 2 Pr...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
2+ Reviews
10+ Question Solved
Related Book For 
Introduction To Federal Income Taxation In Canada 2016-2017
ISBN: 9781554968725
37th Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Question Posted:
