Canadian Departure Tax Explained | Deemed Disposition & Other Tax Implications

Рет қаралды 1,359

Күн бұрын

In this video I discuss the Canadian exit tax, otherwise known as the deemed disposition. I break down exactly the type of taxes you'll need to pay if you want to become a non-resident and disucss why I had to paid nearly $500k to leave.
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Send an email to lifewithtim.official@gmail.com if you'd like a referral for accounts or lawyers to help you with this process.
⏳ Timestamps
00:00 | Overview
00:42 | Deemed Disposition
05:04 | Lifetime Capital Gains Exemption
06:38 | My 500k Tax Bill (Breakdown)
Hashtags
#canada #exittax #taxes

Пікірлер: 15

@Life-With-Tim 20 күн бұрын

Send an email to lifewithtim.official@gmail.com if you'd like a referral for accounts or lawyers to help you with this process.

@longreach3084 14 күн бұрын

Thanks for taking time to put that together for those of us considering leaving.

@dionisiodussart5629 14 күн бұрын

And if you pay just a middle finger, what happens ?

@Akskz-ue2jr 18 күн бұрын

Tim How do you remember code? I fell like i'm forgetting everything. What do u remember and how?

@kalycodes 20 күн бұрын

broo, cant you escape without paying, its called escape for a reason

@Mecagothits 19 күн бұрын

Shit 😂 Tim

@Life-With-Tim 19 күн бұрын

Well that would be fraud even if I don't like the country I still follow all the laws

@cottawalla 18 күн бұрын

All countries do something similar.

@ljmk22 15 күн бұрын

$25000 for anyone who leaves ?? for no reason > even if they have ZERO assets??? When is this happening? If you know please let me know - I was thinking of moving I dont even have $25000 lol hahaha how would I pay it

@Life-With-Tim 14 күн бұрын

It’s just a rumour I don’t know the details but all I can say it the government is making it harder and harder to leave