MGAC50H3 Chapter Notes - Chapter 7: Stock Split, Dividend, Capital Loss
Document Summary
2012 ,000 of 2013 capital loss applied to 2012 resulting in nil. 2014 ,000 of 2013 capital loss applied to 2014 leaving a net taxable capital gain ((,000 . ,000) ). (2) paragraph 3(b) does not permit a negative figure; therefore, the 2012 allowable capital loss of ,000 ( . (,000 ,000 bil)) is available as a carryover under division c. similarly, ,500 (i. e. , (,000 . ,000) of 2014 loss is available as a carryover under division c. (3) 2012 allowable business investment loss of ,000 ( ,000 bil). Proceeds of disposition (500 shares @ . 75) $ Acb (500 shares @ . 00(1)) $ 2,000. Proceeds of disposition (10,000 shares @ . 50) $ 75,000. Acb (10,000 shares @ . 444(3)) $ 24,440. Notes to solution shares @ . 00 $ shares @ . 50 Classification of properties and taxable capital gains (losses)
