Sam has been a resident of Ottawa, Canada all of his life. He was recently offered a lucrative job with an investment firm in Chicago, IL$.$ After careful consideration he has decided to make the move and sever his Canadian residency.

Before moving, Sam disposed of the following personal properties:

Description Cost FMV

$1967$ Ford Cobra $ $95,000$ $ $225,000$

$2022$ Lexus $ $68,000$ $ $55,000$

$2000$ shares in Ban of Nova Scotia $($public Co$)$ $$25\mathrm{.}00/$SHARE $ $32\mathrm{.}00/$SHARE

$1000$ Shares in Bell Media $$125\mathrm{.}00/$SAHRE $ $88\mathrm{.}00/$share

Shares in a private Company $($Vargo Ltd$)$ $ $23,000$ $$17,000$

Coin Collection $ $24,000$ $$10,000$

Home in Ottawa $ $425,000$ $ $625,000$

Capital loss carried forward $ $36,000$ $ $36,000$

Required: Determine the taxable capital gain or allowable capital loss that Sam will

be required to include in his final Canadian income tax return for the current year because of these dispositions and exclusion if any. $($Show your calculations$)$

Also recommend to Sam other steps that he should take to ensure that he severs his ties$/$