An individual sells shares in a Canadian controlled private corporation that qualifies as a small business corporation to an arm's length party.The adjusted cost base of the shares is
$50,000 and they are sold for $30,000.The $20,000 loss is an Allowable Business Invest- ment Loss.

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The Answer of An individual sells shares in a Canadian controlled private corporation that qualifies as a small business corporation to an arm's length party.The adjusted cost base of the shares is
$50,000 and they are sold for $30,000.The $20,000 loss is an Allowable Business Invest- ment Loss.

An Individual Sells Shares in a Canadian Controlled Private Corporation