Leaving Canada? 7 CRA Tax Traps You Must Avoid

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You’re finally ready to say goodbye to Canada—the brutal winters, the high taxes. You’ve booked your one-way ticket and you’re ready to start your new life abroad. But here’s the big question: have you actually escaped Canadian taxes?

Because if you don’t do it right, the CRA will find you—and just like Liam Neeson in Taken, they have a very particular set of skills. With more Canadians leaving than ever, the CRA is watching closely, and one wrong move could cost you thousands.

Let’s go over the 7 worst tax mistakes I’ve seen our clients make when leaving Canada—and how to avoid them.

Explore these links:
Income-splitting strategies: https://blueprintfinancial.ca/income-...
How to PAY LESS TAXES in Canada:    • How to PAY LESS TAXES in Canada: 5 Proven ...  
Blog Post: https://blueprintfinancial.ca/leaving...

Chapters:
00:00 Introduction
00:37 Mistake #1: Not Understanding Your Tax Residency Status
02:26 Mistake #2: Ignoring Departure Tax (Exit Tax)
04:38 Mistake #3: Filing Form NR73 (Residency Determination Form)
05:45 Mistake #4: Not Checking Tax Treaties & Tiebreaker Rules
08:38 Mistake #5: Maintaining Significant Ties to Canada
10:18 Mistake #6: Not Planning for Tax on Canadian Income After Leaving
12:30 Mistake #7: Not Establishing Residency in a New Country Properly

Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.