As affordability pressures, rising taxes, healthcare concerns, and economic uncertainty fuel discussions about leaving Canada, many citizens are discovering the country’s little-known departure tax. Certain assets may be subject to a deemed disposition when an individual ceases Canadian tax residency, potentially triggering taxes on unrealized gains. This report examines how Canada’s exit tax works, who may be affected, available exemptions, and why the policy is generating growing debate among Canadians considering a move abroad.
Calgary
Alberta
Canada
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