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Theodore is a resident who acquired shares in three companies (A Co, B Co and C Co) for $5,000 each.

12. Theodore is a resident who acquired shares in three companies (A Co, B Co and C Co) for $5,000 each. In the current income year, Theodore sold his shares in A Co and B Co for $6,000 each and he sold his shares in C Co for $4,000. Theodore had held the A Co shares for eight months and the B Co and C Co shares for three years. Calculate Theodore's net capital gain. Would your answer be different if Theodore was a non-resident? Also, would your answer be different if the shares were owned by a company instead of by Theodore? [ 19.2 19.7 19.8 19.11

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