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One last question... the asset to which this applies more than any other is currently my primary residence. If I were to move to Canada, I would convert that residence to a rental property.

The departure tax would apply to this piece of real estate, or no?

As I understand the Departure Tax, it is based on capital gains earned during the period one is a Canadian Resident, whether those gains are realized or not. When moving into Canada, existing assets are valued, for the purpose of setting the baseline against which the value upon departure would be m...

Thanks for the insights, nelsona. Would the capital gains tax liability also extend to partnership interests and real estate holdings that I would leave behind in the US? Would my income from those holdings also be subject to Canadian tax while I am a Canadian Resident? I have significant holdings i...

I am a US citizen who is retired, and live off investment income alone. I am contemplating a move to Canada, subjecting myself to dual filing requirements. I may or may not eventually choose to work in Canada. I would be applying for dual citizenship, using a Spousal Sponsorship by a Canadian spouse...

I am a US citizen who is retired, and live off investment income alone. I am contemplating a move to Canada, subjecting myself to dual filing requirements. I may or may not eventually choose to work in Canada. I would be applying for dual citizenship, using a Spousal Sponsorship by a Canadian spouse...