Mr. Jordan Koch owns shares in a Canadian private company with an adjusted cost base of $115,000 and a fair market value of $240,000. In addition, he owns a rental property with a fair market value of $105,000 ($27,000 of this can be attributed to the land)and a cost of$200,000 ($55,000 of this can be attributed to the land). The UCC of the building is $121,000. During the current year, Mr. Koch permanently departs from Canada.
Calculate the minimum and maximum Net Income For Tax Purposes that could result from his departure.

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The Answer of Mr. Jordan Koch owns shares in a Canadian private company with an adjusted cost base of $115,000 and a fair market value of $240,000. In addition, he owns a rental property with a fair market value of $105,000 ($27,000 of this can be attributed to the land)and a cost of$200,000 ($55,000 of this can be attributed to the land). The UCC of the building is $121,000. During the current year, Mr. Koch permanently departs from Canada.
Calculate the minimum and maximum Net Income For Tax Purposes that could result from his departure.

Mr Jordan Koch Owns Shares in a Canadian Private Company