On February 21, 2020, Markham Inc. acquires 1,000 shares of Darcy Ltd., a widely held public company, at a cost of $27.60 per share. on March 1, 2020, these shares pay a dividend of $1.97 per share. Markham sells the shares on March 25, 2020 for $22.11 per share. Markham Inc. has taxable capital gains of $23,000 in the year.
What is the amount of the allowable capital loss, if any, that Markham Inc. will include in its tax return for the taxation year ending December 31, 2020?

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The Answer of On February 21, 2020, Markham Inc. acquires 1,000 shares of Darcy Ltd., a widely held public company, at a cost of $27.60 per share. on March 1, 2020, these shares pay a dividend of $1.97 per share. Markham sells the shares on March 25, 2020 for $22.11 per share. Markham Inc. has taxable capital gains of $23,000 in the year.
What is the amount of the allowable capital loss, if any, that Markham Inc. will include in its tax return for the taxation year ending December 31, 2020?