Sasha Ivanov Gifted Canadian Public Securities to a Public Charity

question 13

Multiple Choice

Sasha Ivanov gifted Canadian public securities to a public charity in 2020.The securities had a market value of $22,000 and an ACB of $8,000.Sasha is in a 40% tax bracket.Which of the following will apply to Sasha?

• A)Sasha will have a capital gain of $14,000 and receive a donation receipt for $14,000.
• B)Sasha will have a capital gain of $14,000 and receive a donation receipt for $5,600.
• C)Sasha will have a capital gain of $0 and receive a donation receipt for $14,000.
• D)Sasha will have a capital gain of $0 and receive a donation receipt for $22,000.

---

Definitions:

Make Eye Contact

The act of looking directly into another person's eyes, which can communicate confidence, attentiveness, and engage the audience or interlocutor.

Online Search

The process of using a web browser to locate information on the internet through a search engine.

Potential Employees

Individuals who are seen as prospective hires for a job or organization, based on their skills, experience, and qualifications.

Notebook

A portable device for creating, storing, and managing digital documents, or a physical book of blank pages for writing notes.