Situation:
I left Canada August 2013 and have been working and living in the US ever since (with visits back to Canada on holidays). I do not have a house, spouse, or a dependents.
I filed a 1040NR in US for 2013 tax year, as well as Canadian tax as a resident since I spent most of my 2013 as a canadian resident.
Do I need to do anything for Canadian taxes for 2014? I reckon there should be a form stating i am not a resident anymore. A part of me feels like I messed up the Canadian tax filing for 2013 since i do did not fair value shares i owned as of Dec 31, 2013 for deemed disposition. I subsequently disposed of them around June 2014.
I do have a bank account, credit card, and driver's licence in Ontario.
Please advise. Thanks!
Departure tax for CDN working in US
Moderator: Mark T Serbinski CA CPA
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- Posts: 3
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No. That is the point of departure return. You are deemed to have sold everything (except Cdn real estate and a few other thingd) the day you left, and that ends your Cdn taxation on investments.
Please read the "Emigrants" guide from CRA for the rules.
Please read the "Emigrants" guide from CRA for the rules.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
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- Posts: 3
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