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What would be the amount of the taxable capital gain

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Problem - In 2020, an individual sold shares of their small business corporation (SBC) for $600,000. The adjusted cost base (ACB) of the shares was $60,000. On January 31, 2021, the individual invested $500,000 in a new SBC. What would be the amount of the taxable capital gain in 2020?

Reference no: EM132872509

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