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Advise on the tax implications of proposal

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problem 1: Donna has 1,000 shares in a Canadian public company that are worth $100,000 and pay a dividend of $5,000 each year. Her adjusted cost base on these shares is $70.000. She is already in the top tax bracket. For estate planning purposes she is proposing to give the shares to her 25-year-old daughter, but she would like your advice, as her personal tax planner, before she makes a decision. Kindly advise her on the tax implications of her proposal.

Reference no: EM132783317

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