in 2009 i left canada and filed all documentation., paid personal tax except for deferred departure tax on capital gain for investment company I continued to own.
For the years 2010 to 2015 I would sell investments, pay corp tax then pay myself a dividend with 15% withholding.
In 2016 I sold all investments in company, paid corp tax, closed company, surrendered charter and distributed cash via a wind-up dividend with withholding tax paid.
Since I have paid tax on wind-up of corporation, am I still liable for departure tax on this deferred gain which in my mind nolonger exists.
Canadian Departure Tax
Moderator: Mark T Serbinski CA CPA
Canadian Departure Tax
death before dishonor