Birdwatch Note Rating
2024-05-05 16:24:45 UTC - HELPFUL
Rated by Participant: EE85D5324A0457635CAD1AAC51EE94C004ACEBDF30BF3ACB5CE2429AA8E79DC6
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