True/False
When the holder of income trust units receives a distribution that contains a return of capital, the amount of the return of capital must be added to the adjusted cost base of the units.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q56: On May 1, 2020, Mrs. Anna White
Q57: During 2020 Thelma Evatt receives eligible dividends
Q58: Briefly describe the application of the federal
Q59: What is a stock dividend? How will
Q60: On January 1, 2020, Desay Inc. issues
Q62: On July 1, 2020 Esther borrowed $8,000
Q63: Which of the following statements is correct?<br>A)The
Q64: Income for 2018 is $300, 2019 income
Q65: Describe the tax treatment of foreign non-business
Q66: Income for 2018 is nil, 2019 income