Birdwatch Note Rating
2024-05-05 19:24:51 UTC - HELPFUL
Rated by Participant: 660D688A5A5F8D618D0AE521418DCADB5B30B1E3307FA3417709874993F8A90B
Participant Details
Original Note:
Canada’s departure tax assumes people dispose of their assets (with some exceptions) at fair market value on the date they cease Canadian tax residency. Half of any net gains resulting from the deemed disposition are included in income and taxed at normal marginal rates. https://www.bdo.global/en-gb/insights/tax/expatriate-tax/canada-departure-tax-and-reporting-requirements-when-you-leave-canada
All Note Details