Solved

Ms Renee Black Owns Publicly Traded Securities with an Adjusted

Question 90

Essay

Ms. Renee Black owns publicly traded securities with an adjusted cost base of $45,000 and a fair market value of $52,000. On December 1, 2020, she permanently departs from Canada without selling the shares. What would be the tax consequences of her departure, if any, with respect to these securities?

Correct Answer:

verifed

Verified

There would be a deemed dispos...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents