At the beginning of 2021, Mr. Aaron Barker had a 2016 net capital loss carry forward of $13,900 [(2) ($27,800)] ($27,800). During 2021, Mr. Barker had employment income of $115,200. Additional information for the year 2021 is as follows. (Click the icon to view the additional information.) Mr. Barker realized capital gains of $39,000 in 2010 and $21,000 in 2013. Both capital gains resulted from the sale of QSBC shares with the full capital gains deduction claimed for both. Mr. Barker has only used the capital gains deduction for those capital gains prior to 2021. Mr. Barker would prefer to make maximum use of his capital gains deduction prior to deducting the 2016 net capital loss. Required Additional information First, calculate the Allowable Business Investment Loss (ABIL) for 2021. (Round your answers to the nearest d 2021 Capital loss • Mr. Barker sold shares that are QSBC shares for $329,000. The ACB of the shares was $154,000. Selling costs were $1,800. Reduction for previous capital • At the end of the year, Mr. Barker had a CNIL balance of $4,800. deductions BIL • Mr. Barker sold shares of a CCPC that qualified as QSBC shares for $56,000. The ACB of the shares was $228,000. Selling costs were $900. Inclusion rate 1/2 ABIL I X
