Archive for Month: June

Image of property construction on Encuentro Beach in the Dominican Republic

How to Legitimately Defer the Worst of Canada’s ‘Departure Tax’ when Becoming a Non-Resident and Moving to Another Country

The Canadian Departure Tax Regime Under subsection 128.1(4) of the Canadian Income Tax Act, a Canadian emigrating to another jurisdiction is subject to a “deemed disposition” on qualifying property. (This deemed disposition is often referred to as Canada’s “departure tax”). Where a taxpayer is subject to departure tax, that...

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