Jack’s
Tax Picture
Capital Gain from Transfer
$1,350,000
Taxable Capital Gain
0
Taxable Income
$67,000
Income Tax Payable (Fed/Prov)
$30,820
Eligible amount claimed
$47,435 – Leaves $1,452,565
Donation Tax Credit
$21,820
Other Tax Credits
$9,000
Net Tax Payable
0
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