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What taxable capital gain or loss will you have

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Question - Canada Corporation (CC) has 100,000 common shares outstanding and has to date not Issued any preferred shares, The market value of CC's is $50 per share. Canada Corporation announces a 2:1 share split effective December 31 of this year. If you own 1,000 common shares, what taxable capital gain or loss will you have to claim on their next tax return?

Reference no: EM133131067

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