Birdwatch Note Rating
2024-05-05 20:53:33 UTC - HELPFUL
Rated by Participant: E5CAE8507E4431A6E81F194062EE93616B4804D6E61087E1E647D2C1317AF55E
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