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Introduction to taxation Introduction to fedral income taxation in Canada ...

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Accounting

Introduction to taxation
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QUESTION 20 Early in 2011, Mrs. Knowitall bought $120,000 of common shares in a public Canadian company with annual dividend of $6,000. Mrs. Knowitall would like to transfer these shares to market value of the shares is $180,000. her husband. At the present time the fair What are the tax implications for Mrs. Knowitall and her husband,if the shares are gifted to her husband? (12 marks) Words:0 Path: p QLESTION 21

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