Vicky invests in a variety of mutual funds. On December 5th he purchased 10,000 shares, outside his RRSP, in a no-load mutual fund that had a current net asset value per share of $12. On December 15th the fund paid out capital gains of $2 per share. If Vicky has a marginal tax rate of 50%, what amount of income tax will he pay on his capital gain?

Answer rating: 100% (QA)

Date of Date of Sale 5 Descmber 15 Deacmber f Ru... View the full answer