Tax Checksincome
I left Canada - did I trigger departure tax?
Leaving Canada can create a hidden tax bill.
Is this you?
- I moved out of Canada
- I still own investments
- I didn't file a final return
"If I leave, my taxes end."
Canada treats your departure as if you sold most of your assets on the day you left. This deemed disposition can trigger capital gains tax even if nothing was actually sold.
Why guessing is risky
- Capital gains may be triggered on departure
- Unfiled departure returns create penalties
- Issues surface years later
Safe to ignore if
- No taxable assets existed
- Departure return was filed
Stop and check if
- Investments were held at departure
- Final return was not filed
Resolve the doubt
Check my departure tax exposure (2 minutes)We'll tell you if this needs reporting and what to do next.
"Most people identify one filing step that closes the file properly."