An individual is considering making a gift of a portfolio of publicly traded stocks. On the basis of tax considerations, provide advice to this individual as to whether he should give the stocks to his 12 year old daughter or, alternatively, to his spouse. Assume that, if the transfer is to his spouse, the taxpayer does not elect out of ITA 73(1).

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The Answer of An individual is considering making a gift of a portfolio of publicly traded stocks. On the basis of tax considerations, provide advice to this individual as to whether he should give the stocks to his 12 year old daughter or, alternatively, to his spouse. Assume that, if the transfer is to his spouse, the taxpayer does not elect out of ITA 73(1).

An Individual Is Considering Making a Gift of a Portfolio