When a capital asset is sold and not all of the proceeds of disposition are received in the year of sale, the Income Tax Act allows a taxpayer to deduct a reserve. How is the maximum amount of this reserve determined?

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The Answer of When a capital asset is sold and not all of the proceeds of disposition are received in the year of sale, the Income Tax Act allows a taxpayer to deduct a reserve. How is the maximum amount of this reserve determined?

When a Capital Asset Is Sold and Not All of the Proceeds