Identify appropriate references that defines capital gains

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Reference no: EM133320579

Question 1: Note a short paragraph outlining the conditions that must be present in order to use sections 85, 84.1, 55, 86, 85.1, 51, 88 and 87.
Question 2: Using your income tax act, identify the appropriate references that defines the following terminology

  • Capital Gains
  • Taxable Capital gins
  • Gains
  • Personal use property
  • Proceeds of disposition for purposes of Calculating Capital Gains
  • Adjusted Cost Base for purposes of Calculating Capital Gains
  • Persons
  • Capital dividend
  • Testamentary trust
  • Qualified Small business corporation share

Reference no: EM133320579

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