capital gains and relocation

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skobes
Posts: 33
Joined: Sat Mar 25, 2017 10:41 pm

capital gains and relocation

Post by skobes »

If I relocate from the US to Canada (establishing residential ties), will I pay Canadian taxes on gains from selling stock before the move in the same year? Or does Canada only tax gains realized in the part of the year after I become a resident?

Thanks,
Steve
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nelsona
Posts: 18699
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Canada will pretend that you bought all your investments the day you arrived in Canada at the value on that day, so you will only be taxed on those you sell after you arrive, and only to the extent that they gain/lose after you arrived in Canada.
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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