The seasonally
adjusted dollar gain from November was $ 19.3 billion.
Not exact matches
Assuming that Larry and Penny get $ 1.2 million in 2015
dollars for their business, and that they can shelter it by dividing it in half and protecting the taxable
gain over their
adjusted cost base of $ 350,000 for each partner, then the present federal capital
gains exemption would mean that they have no tax to pay on the sale.
In other words, to properly report a
gain (loss) on a foreign property, you would convert the proceeds to Canadian
dollars using the exchange rate on the date of sale and compare that to the
adjusted cost base (ACB) or tax cost of the property using the foreign exchange rate on the date of purchase of the property.