During 2014, Jake Baxter made one charitable donation of $100,000 to ACO, a

Question

Canadian registered charity. His net income for the year is $120,000.
Required:
a) Calculate Jake’s maximum FEDERAL non-refundable tax credit for charitable
donations if he claims this donation in his 2014 tax return.
b) Assume that Jake has 500 shares of BCE that have an ACB of $35 and a FMV of $1,000. He is
thinking of donating these BCE shares to a charity instead of making the cash donation in a) above.
Outline the tax implications of such a strategy.