FMGT 4410 Final Exam Lecture Review Questions
FMGT 4410 - Review Questions
Please try these questions prior to coming to lecture.
Taxable Capital Gains
Active Business Income (net of donations)
1992 Net-capital loss carryover available
Answer to #1:
1. CCPC ----) Tax = 25%
POD = $1,000,000
ACB = $350,000
V-Day = $550,000
How would the owner of 100 shares (
transaction assuming the 2,000 shares had a
Which type of corporations pay
tax, and which pay
In January of 2010, a CCPC sells its only non-depreciable capital asset for $1,000,000 when the corporate tax r
$350,000 when it was acquired in 1953. It had a FMV of $550,000 on V-Day. How will this sale change each o
On January 2, 2010
Outrage Canoes Inc.
redeemed, on a pro-rate basis, 1,000 of its 2,000 outstandi
shares at a premium of
. There are no other shares outstanding.