Assignment Instructions/ Description
Image transcription text1 Point
Barry Low has the following sources of income and deductions: Net employment income 55,000 Property loss 10,000 Business loss
44,000 Taxable Capital Gain 21,000 and an Allowable Capital Loss of 23,000. Barry also makes an RRSP contribution of $9,000 during
the year. What is the amount of Barry's net-capital loss available to be carried forward or carried back to another taxation year?
$1,000
B
$8,000
$Nil
D
$2,000... Show more