Mr. Ryan Marchand owns publicly traded securities with an adjusted cost base of $30,000 and a fair market value of $56,000. On August 15, 2020, 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?

Question

Quizplus · Accepted Answer

The Answer of Mr. Ryan Marchand owns publicly traded securities with an adjusted cost base of $30,000 and a fair market value of $56,000. On August 15, 2020, 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?

Mr Ryan Marchand Owns Publicly Traded Securities with an Adjusted