Serbinski Accounting Firms

Thanks for the great advice!

I will call my broker to see if he can still service the account and will call CRA in short order as well.

Thanks!

Ah ok, got it thanks. I misunderstood what you said.

So, as long as I make the election in the year I arrive I will be ok; regardless of when I sell the funds.

Thanks so much for your help. I will call CRA to see how to start the process to post the funds as security.

Thanks so much. What do you mean specifically by the election has no effect? Does that mean if I decide to defer all of the departure tax, then the election will not help me at all and I will be double taxed on this income in the future when I sell the funds and pay the departure tax? If so, I guess...

I’m planning to depart Canada and move to the US towards the end of this year and I have a pretty large gain on a non-registered mutual fund account. I’ve started to do some research and have learned that I can defer the departure tax on this gain until I actually sell the funds by posting secur...