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What would be the amount of the capital gain in the year

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Problem 1: An individual sold shares of their small business corporation for $900,000. The adjusted cost base (ACB) of the shares was $60,000. On January 31 of the following year, the individual invested $500,000 in a new small business corporation. What would be the amount of the capital gain in the year of sale?

Reference no: EM132809393

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