Which section of income tax act of canada is enforced here, Taxation

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Which section of income tax act of canada is enforced here

Problem

When an individual sells shares to a company owned by his daughter. What are the tax consequences? He never used FGD.

Here are the characteristics of the shares of the individual. CV= 1000$; ACB=$200,000; FMV=650,000

Which section of the Income Tax Act of Canada is enforced here?

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Taxation: Which section of income tax act of canada is enforced here

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Taxation: Which section of income tax act of canada is enforced here

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