Harold Holdings disposed of the following personal capital items during 2020. Proceeds Cost Jewelry $2,000 $ 900

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Harold Holdings disposed of the following personal capital items during 2020.

Proceeds Cost

Jewelry $2,000 $ 900

Antique chair 3,800 2,400

Bicycle 800 1,300

Painting 700 200

Coins 1,600 1,400

Harold has a listed personal property loss carried forward from 2017 of $200.

REQUIRED:

Calculate Harold’s taxable capital gain for the 2020 taxation year.

Related Book For answer-question

Canadian Income Taxation planning and decision making

ISBN: 9781259094330

17th edition 2014-2015 version

Authors: Joan Kitunen, William Buckwold

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Posted Date: Aug 10, 2021 07:27 PM

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Harold Holdings disposed of the following personal capital items during 2020. Proceeds Cost Jewelry $2,000 $ 900

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Taxable capital gain Particulars Working C... View the full answer

Canadian Income Taxation planning and decision making

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