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Determine Mr Ramsey maximum charitable donations tax credit

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Question - Mr. Seyed Ramsey has employment income of $116000. He owns shares that are listed on the Toronto Stock Exchange. These shares have a fair market value of $191000 and an adjusted cost base of 64000. During 2019, these shares are given to a registered Canadian charity. Determine Mr. Ramsey's maximum charitable donations tax credit in 2019.

During 2019, Jason Glen has net employment income of $18000, net rental income of $2700, as well as a taxable capital gain of $5800. In addition, she has a business loss of $127000 and a farm loss of $4000. Determine her 2019 non capital loss.

Reference no: EM133067697

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