CRA T1 exit tax

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mcaps
Posts: 27
Joined: Fri Dec 05, 2014 11:02 pm
Location: USA

CRA T1 exit tax

Post by mcaps »

I "left" Canada about 12 years ago, but don't remember any exit tax. I never earned enough to report. Will this affect a fund that I disposed of this year that I bought 15 years ago. I've filed the FBARs since, it's just over the 10K threshold.

anyhow, so where to I find out about the exit tax I may owe?

thanks,

mcaps
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nelsona
Posts: 18359
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

It would have been determined on your final Cdn tax return, exit tax is the shorthand term for "deemed disposition of property upon departure from canada".

Long past worrying about that now.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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