Wesley gave his 16-year old daughter, Vivian, several shares of Telus, a taxable Canadian corporation. During the
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Wesley gave his 16-year old daughter, Vivian, several shares of Telus, a taxable Canadian corporation. During the year, Vivian received eligible dividends of $300 from Telus. She sold some of the shares and had a capital gain of $1,700. Who should report the dividends and who should report the capital gain?
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1 Vivian should report both the dividends and capital gain Since Vivian was already the owner of the shares when the dividends was received she will h... View the full answer
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