Calculate mr cropper taxable capital gain

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Question - Mr. Roy Cropper has been employed for many years by a Canadian public company. Several years ago, Mr. Cropper was granted options to acquire 772 shares of his employer's stock for 34 per share. At the time the options were granted, the shares had a fair market value of 43 per share. On July 19, 2020, Mr. Cropper exercised all of the share options. At the exercise date, the fair market value of the shares was 65 per share. In November 2020, he sold all of the shares for 103 per share. Calculate Mr. Cropper's Taxable Capital Gain in 2020 arising from these transactions.

Reference no: EM133137382

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