Which of the following statements with respect to capital gains is correct? Select one: OA The favourable taxation of capital gains is designed to partially compensate businesses for the effects of inflation. O B. The lifetime capital gains deduction is no longer available to Canadian individuals. OC The inclusion rate for taxable capital gains has always been one-half of the capital gain. OD. All gains on the sale of Canadian securities are treated as capital gains.

Which of the following statements with respect to capital gains is correct? Select one: OA The favourable taxation of capital gains is designed to partially compensate businesses for the effects of inflation. O B. The lifetime capital gains deduction is no longer available to Canadian individuals. OC The inclusion rate for taxable capital gains has always been one-half of the capital gain. OD. All gains on the sale of Canadian securities are treated as capital gains.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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