Tax When Departing Canada

This is a follow-on video to Tax and Residency. It discusses the tax obligations of a Canadian resident who becomes a non-resident.
If you got something out of the video... please like the video and subscribe to the channel.
If you are an owner-manager or run a growth company and need help with a tax/finance issue... please contact John at [e-mail]
These video do not constitute tax advice. For tax advice, please consult a tax practitioner who can tailor advice to your circumstances.

[@cabrui]

Of all the videos I've seen on Departure Tax, yours was the most informative and clear! Thanks

[@ethanlauscher3306]

John I just found your content and I love it. I’m sorry for being late to the party! Please make more.

[@CruisingwithChooChoo]

Fantastic video, John!! You’ve answered all my questions about moving from Canada in one video! Do you provide tax services to individuals who are planning to move to the US? Thank you so much!!

[@CruisingwithChooChoo]

Thank you so much for posting this video. Where are we supposed to send our security to? Will CRA inform us?
Also, I have a lot of shares of stocks. Can I continue to leave them in my brokerage account when I become a non resident for tax purposes? I don’t plan to sell any of the stocks when I leave. They all provide a dividend income for me.

[@ricke6854]

What happens if I just leave Canada to live in SE asia for say 5 years, then come back to Canada ? Keeping most if not all ties with Canada, just renting my house for income. Submitting tax returns as usual. Will I be hit with a departure tax ?? Any penalties ?

[@StephCoCo]

John, when is the T1243 due to CRA. How long after emigrating does one send it?

[@ukrainemylove6184]

🇨🇦👎👎👎

[@togetrob1]

Hi John I’m interested in using your services can I get your email to connect.