Quanto Ltd. is a Canadian-controlled private corporation operating an active business and all of its shares are owned by individual Q. Quantos assets consist of cash and accounts receivable $60,000, inventory at market value $170,000, equipment at undepreciated capital cost $28,000, marketable securities at market value $30,000, and goodwill at cost $0. A recent appraisal indicated the market value of the equipment is $40,000 and the goodwill is $90,000. If Q sells shares of Quanto to a non-relayed person, all or a portion of the gain is eligible for the capital gain exemption. Is this statement true or false?