Determine Mr Ramsey maximum charitable donations tax

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Question - Mr. Seyed Ramsey has employment income of $132000. He owns shares that are listed on the Toronto Stock Exchange. These shares have a fair market value of $194000 and an adjusted cost base of 55000. During 2019, these shares are given to a registered Canadian charity. Determine Mr. Ramsey's maximum charitable donations tax credit in 2019.

Reference no: EM132921357

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