Determine mr ramsey maximum charitable donations tax credit

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Problem 1: Mr. Seyed Ramsey has employment income of $114000. He owns shares that are listed on the Toronto Stock Exchange. These shares have a fair market value of $168000 and an adjusted cost base of 46000. During 2019, these shares are given to a registered Canadian charity. Determine Mr. Ramsey's maximum charitable donations tax credit in 2019.

Reference no: EM132952464

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