How is the capital gain of an investment calculated


Problem

How is the capital gain of an investment calculated when considering the Fair Market Value (FMV), Adjusted Cost Base (ACB) and Disposition Price (PD). I know that normally the capital gain is the PD - the ACB. In which case does the capital gain correspond to the FMV - ACB?

Also, is the capital gain on investment (FMV - PBR) tax deductible?

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Business Management: How is the capital gain of an investment calculated
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