On June 1, 2017 , Ms. Lorenda Jacks acquires 15,300 Barbadian dollars (B$)at a rate of B$1 = C$0.70. She immediately invests the B$15,300 in 300 shares of a Barbadian company, Tellen Ltd. During September, 2020, the shares are sold for B$85 per share. The Barbadian dollars are immediately converted into Canadian dollars at a rate of B$1 = C$0.72. What amounts will be included in Ms. Jacks' 2020 Net Income For Tax Purposes as a result of these transactions?

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The Answer of On June 1, 2017 , Ms. Lorenda Jacks acquires 15,300 Barbadian dollars (B$)at a rate of B$1 = C$0.70. She immediately invests the B$15,300 in 300 shares of a Barbadian company, Tellen Ltd. During September, 2020, the shares are sold for B$85 per share. The Barbadian dollars are immediately converted into Canadian dollars at a rate of B$1 = C$0.72. What amounts will be included in Ms. Jacks' 2020 Net Income For Tax Purposes as a result of these transactions?