An individual emigrates from Canada at a time when he owns shares in a private company with a fair market value of $500,000 and an adjusted cost base of $300,000. Two years later, he decides to return to Canada. At this time he still owns the shares. What are the tax consequences of his departure from Canada and his return to Canada.

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The Answer of An individual emigrates from Canada at a time when he owns shares in a private company with a fair market value of $500,000 and an adjusted cost base of $300,000. Two years later, he decides to return to Canada. At this time he still owns the shares. What are the tax consequences of his departure from Canada and his return to Canada.

An Individual Emigrates from Canada at a Time When He