This year, John has the following related to his Capital Gains Transaction this year:
…............Qualified Taxable Capital Gain, this year: $200,000

Allowable capital loss on RBC Shares sold this year: ($10,000)
Last Year, he deducted an ABIL for ($20,000)
CNIL to date: ($160,000)
John's maximum ANNUAL LIMIT for the Capital Gains Deduction is?

Answer rating: 100% (QA)

Step1 Only taxable capital gains in excess of an individuals cumulative net investment loss qualify ... View the full answer