Early in $2015,$ Bob bought $$120,000$ of common shares in a public company with an annual dividend of $$6,000.$ Bob would like to transfer these shares to his wife or possibly to his $16-$year$-$old daughter. At the present time, the fair market value of the shares is $$180,000.$ Required: $($A$)$ What are the income tax implications for Bob and his wife, if the shares are giRed to his wife? $(14$ minutes$)($B$)$ What are the income tax implications for Bob and his wife if Bob lends her the money to purchase the shares from him and she signs an interest$-$bearing promissory demand note as evidence of the loan? $(8$ minutes$)($C$)$ What are the income tax implications for Bob and his $16-$year$-$old daughter if Bob sells the shares to his daughter for $$100,$ which the daughter has saved from babysitting in the neighbourhood? $(8$ minutes$)$ Ask a new question Letc unst