departure tax on ccpc and stock portfolio

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travellingon
Posts: 1
Joined: Sun May 08, 2016 12:47 am

departure tax on ccpc and stock portfolio

Post by travellingon »

Hi, I was wondering how best to handle departure tax on these 2 assets when moving to the US permanently -

1. Stock portfolio of US stocks held in Canada. The broker says I cannot keep the account in Canada. Presumably, I can open a Us brokerage account and transfer the shares across country borders? If I post security, what kind of security is acceptable in this case?

2. CCPC with some income and eligible capital property. Should this be wound up or can I keep it? If I keep it , I presume it might cause more headaches down the road or can assets be transferred from a CAD company to a USA company or that triggers a deemed dividend or capital gain as well?
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