Accounting Problem: Loss Carry Overs for Canadian Taxes Yvonne’s problem is to calculate net income
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Accounting Problem: Loss Carry Overs for Canadian Taxes
Yvonne’s problem is to calculate net income for canadian tax
purposes (B)
employment income 64,000
interest income 2,600
rental income 4,560
partnership loss 144,940 (50% )
dispositions taxable capital gain 32,420, allowable taxable
losses 29,375
deductable contributions 12,480 paid to rrsp
indicate the amount and type of any loss carry overs that
would be available at the end of the current year
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