Birdwatch Note Rating
2024-05-05 23:55:22 UTC - HELPFUL
Rated by Participant: FD0E4CAF95829E04146DF0A320C6FAC5CC3CECAFF8107C6FAF7F2051BCD248CA
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