Search found 1 match
- Wed Mar 13, 2024 8:17 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deemed disposition Canada Exit tax and foreign property
- Replies: 1
- Views: 747
Deemed disposition Canada Exit tax and foreign property
I'm trying to get a better understanding of the Exit tax. I understand that unrealized gains in brokerage accounts and Canadian property are subject to the departure tax. Is foreign owned property purchased while domiciled in Canada also subject to unrealized gains at FMV on the departure tax? Examp...