Posted on March 27th, 2020 in Domestic Tax

Individuals Emigrating from Canada Will be Required to Pay a Departure Tax

two red suit cases. one standing up and one laying on the floor

When an individual taxpayer permanently severs ties with Canada (emigrating from the country permanently) they are considered to be a non-resident for income tax purposes.

This means that they will be required to calculate a departure tax on their final personal income tax return. 

If this situation applies to you, please read the full article to better understand your departure tax requirements.

Article written by RSM Canada and referenced with permission as a member of RSM Canada Alliance.