Tucker paid $20,000 for 500 units in a mutual fund last year. He received a...
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Accounting
Tucker paid $20,000 for 500 units in a mutual fund last year. He received a T3 reporting slip for last year showing income earned by him as set out below. All of this income was reinvested in the mutual fund. Tucker sold the mutual fund in October of the current year for $24,000.
Capital gains
$1,000
Eligible dividends
600
Taxable (eligible) dividends
828
Federal Dividend tax credit
124
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