Quebec Exit Tax?

[gatomontes99]

So, what does it cost to buy your way out of the slavery of Canada? 

 

[Legato]

1 hour ago, gatomontes99 said:

So, what does it cost to buy your way out of the slavery of Canada? 

 

Canada’s "departure tax" (or exit tax) is a capital gains tax triggered when you cease to be a Canadian resident for tax purposes. The Canada Revenue Agency (CRA) deems you to have sold most of your worldwide assets at fair market value on your departure date, meaning you pay taxes on any unrealized gains that accrued while you were a resident.Assets Subject to the Tax

Taxable on Departure: Publicly traded stocks, ETFs, mutual funds, private company shares, and cryptocurrency.

Excluded (No Departure Tax): Registered plans (RRSPs, TFSAs, RESPs, FHSAs), pensions, and Canadian real estate.