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Mr Ryan Marchand Owns Publicly Traded Securities with an Adjusted

Question 58

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Mr. Ryan Marchand owns publicly traded securities with an adjusted cost base of $30,000 and a fair market value of $56,000. During the current year, he permanently departs from Canada still owning the shares. What would be the tax consequences of his departure, if any, with respect to these securities?

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There would be a deemed dispos...

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