CRA T1 exit tax

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mcaps
Posts: 27
Joined: Fri Dec 05, 2014 11:02 pm
Location: USA

CRA T1 exit tax

Post by mcaps »

I "left" Canada about 12 years ago, but don't remember any exit tax. I never earned enough to report. Will this affect a fund that I disposed of this year that I bought 15 years ago. I've filed the FBARs since, it's just over the 10K threshold.

anyhow, so where to I find out about the exit tax I may owe?

thanks,

mcaps
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

It would have been determined on your final Cdn tax return, exit tax is the shorthand term for "deemed disposition of property upon departure from canada".

Long past worrying about that now.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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