On November 23, 2023, Victoria Ltd. purchased 20% of the 15,…
On November 23, 2023, Victoria Ltd. purchased 20% of the 15,000 issued shares of Vancouver Ltd. for $32.50 per share. On December 20, 2023, these shares paid a taxable dividend of $2.25 per share, and on August 15, 2024, Victoria sells the shares for $29 per share. What is the amount of the capital loss on the Vancouver Ltd. shares for Victoria Ltd. for its taxation year ended August 31, 2024?