mc_s_17_18 - the house. Q18. (b) Mr. Winsome can elect to...

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MULTIPLE CHOICE QUESTIONS SOLUTIONS Q17. (d) Susan can file an election. This election deems the change in use from income producing to principal residence on January 1, 2010 not to take place. As a result, Susan can ultimately defer the recognition of any capital gain until she disposes of
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Unformatted text preview: the house. Q18. (b) Mr. Winsome can elect to defer the payment of the tax on the gain on the Bell Canada shares until they are sold if security acceptable to the Minister is provided....
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This note was uploaded on 02/05/2011 for the course ACTG 4720 taught by Professor Gaildrory during the Winter '11 term at York University.

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