Mr. Watson had the following share transactions during 2021. Mr. Watson is not generally active in the trading of shares. Share # of shares Selling price Commission Telus Co Ltd. 4,000 $6,745 $400 ABC Manufacturing Ltd. 1,200 $18,435 500 Patty Makers Inc. 750 $2,930 600 The shares of Telus Co. Ltd. were purchased in 2018 at a cost of $12,500. The shares of Patty Makers Inc. were purchased in 2019 at a cost of $1,150. A summary of Mr. Watson transactions in the shares of ABC Manufacturing are set out below: 2015 Purchased 1,000 shares for $6 each plus a total commission of $500 2017 Received a 20% stock dividend that increased the corporation's paid-up capital by $3 per share 2019 Purchased 400 shares for $9 each plus a total commission of $500 2020 Received a 2 for 1 stock split Required Please calculate the taxable capital gains or allowable capital losses for the transaction above in 2021.
Mr. Watson had the following share transactions during 2021. Mr. Watson is not generally active in the trading of shares.
Share # of shares Selling price Commission
Telus Co Ltd. 4,000 $6,745 $400
ABC Manufacturing Ltd. 1,200 $18,435 500
Patty Makers Inc. 750 $2,930 600
The shares of Telus Co. Ltd. were purchased in 2018 at a cost of $12,500. The shares of Patty Makers Inc. were purchased in 2019 at a cost of $1,150.
A summary of Mr. Watson transactions in the shares of ABC Manufacturing are set out below:
2015 Purchased 1,000 shares for $6 each plus a total commission of $500
2017 Received a 20% stock dividend that increased the corporation's paid-up capital
by $3 per share
2019 Purchased 400 shares for $9 each plus a total commission of $500
2020 Received a 2 for 1 stock split
Required
Please calculate the taxable
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