The Truth About Canada’s Departure Tax
Автор: Michael Sidhu
Загружено: 2025-11-19
Просмотров: 960
Описание:
Canada is losing entrepreneurs, investors, and innovators. Are you considering leaving Canada for business or lifestyle or tax reasons? Before you move, you need to understand departure tax — one of the most misunderstood parts of Canadian tax law.
In this conversation, Michael Sidhu, President of 360° Wealth Strategies and Scott Cloutte, Tax Partner at McCarney Group LLP, break down what happens when you give up Canadian residency - which assets are taxed, and how to minimize the impact through proper planning.
From private corporations and investment portfolios to foreign real estate, we explain what’s exempt, what’s not, and how to plan your exit the smart way.
Topics covered:
• What triggers Canada’s departure tax
• Assets included and exempt
• Planning strategies for entrepreneurs
• Non-resident compliance and CRA filings
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