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- Tue May 12, 2020 4:40 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deemed Disposition of property by Emigrant of Canada
- Replies: 8
- Views: 5414
Re: Deemed Disposition of property by Emigrant of Canada
I elected to do a deemed disposition on my principal home when I departed Canada a few years ago. This resulted in a new stepped-up cost base for the property. I turned the home into a rental property shortly after I left the country. To establish the FMV on my departure date, my real estate agent p...