Brandon graduated from Carleton University in December 2007 with a Computer Science - Computer and Internet Security Stream B.C.S. Honors. He’s been working for IBM in their Markham, Ontario office since he graduated and is now making $175,000 per year of employment income.
Brandon recently received a fantastic job offer that he couldn’t pass up to work for Google in their Mountain View, California HQ starting January 1, 2021. Upon telling his wife, Heather, she stressed that she will not live in the United States under any circumstances. Brandon promptly filed for divorce the next day and started looking for places for rent in California. The divorce lawyers determined that all of their assets must be divided equally. To simplify the process, since Brandon is moving anyways, he plans to sell most of his assets. Information about some of his assets are below:
1.In 2017 Brandon purchased a Toyota Prius and a speedboat for $39,000 and $53,000 respectively. He received $14,500 for his Prius and $56,800 for his speedboat.
2.Brandon purchased a piece of land in 2018 for $87,000 that he planned to use as an investment property. He has been very busy with his career so he hasn’t actually earned any income from the land yet. He’s paid $2,300 of mortgage interest, $4,300 of property taxes and $13,000 to have the land graded flat. He sold this land to a young family for $89,000. The young family plans to build their first home on this land - they won’t continue to use it as an investment property.
3.He purchased a painting from his artist friend for $4,500 a few years ago. He sold it to his coworker for $7,800.
4.Brandon owned 800 shares of iShares MSCI USA Momentum Factor ETF (MTUM) in a non-registered account. He sold these shares for $160 USD per share. See details below for the various purchases and the final sale. An FX Rate of 1.33 means $100 USD = $133 CAD.
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