Hello everyone,
My wife and I are moving to the US next February (2019).
We have a primary resident we intend to rent out, also two investment condos.
One condo is currently rented out, the other one is pre-construction which will be ready in 2022.
My question is,
1. do we have to pay departure tax on all of these properties? It's gonna be a lot..
2. do we have to file the departure tax before leaving? or we can wait till April next year.
Thanks a lot!
Moving to US on a TN visa/status
Moderator: Mark T Serbinski CA CPA
Re: Moving to US on a TN visa/status
Your exit return is due in April.
Cdn real estate is not subject to ecit tax, as it remains taxable in Canada even after you leave.
Cdn real estate is not subject to ecit tax, as it remains taxable in Canada even after you leave.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing