Birdwatch Note Rating
2024-05-06 11:12:25 UTC - HELPFUL
Rated by Participant: CD12BCE7C5B96D531600696C4D4F48BFF407C90D9C745041BE8592A1EFD53406
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