In 2023, an individual realized a $950,000 capital gain from the sale of qualified small...

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Accounting

In 2023, an individual realized a $950,000 capital gain from the sale of qualified small business corporation shares (QSBC). The individual had a cumulative net investment loss (CNIL) balance of $40,000 at the end of 2022. A capital gains deduction (CGD) of $50,000 was claimed in 2020 against a $50,000 taxable capital gain from QSBC shares. What would be the maximum CGD in 2023?
Multiple Choice
$475,000
$446,109
$435,595
$435,000

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