Annie invested $5,000 in a segregated fund in a non-registered account. At that time, the basis...

 

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Annie invested $5,000 in a segregated fund in a non-registered account. At that time, the basis of each unit was worth $10. At the end of the year, the fund made an allocation of $300 to Annie's policy and the fund had a net asset value per unit of $13. Annie still owns the fund and the allocation was reported on a tax slip as interest income. Annie's marginal tax rate is 35%. Which of the following is CORRECT? Annie currently has 385 units of the segregated fund. Annie's current adjusted cost base for the segregated fund is $6,500. Annie has a taxable capital gain of $750 in the current year. Oa) Ob) Oc) Od) Annie will have tax owing of $105 for the current year. Annie invested $5,000 in a segregated fund in a non-registered account. At that time, the basis of each unit was worth $10. At the end of the year, the fund made an allocation of $300 to Annie's policy and the fund had a net asset value per unit of $13. Annie still owns the fund and the allocation was reported on a tax slip as interest income. Annie's marginal tax rate is 35%. Which of the following is CORRECT? Annie currently has 385 units of the segregated fund. Annie's current adjusted cost base for the segregated fund is $6,500. Annie has a taxable capital gain of $750 in the current year. Oa) Ob) Oc) Od) Annie will have tax owing of $105 for the current year.

Answer rating: 100% (QA)

Option D is correct Annie will have tax owing of 105 f... View the full answer