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Departure tax (deemed disposition)

What this is

What will leaving Canada cost you in exit tax?

When you stop being a Canadian tax resident, the CRA treats you as having sold most of your worldwide property at fair market value. Estimate that deemed-disposition tax before you go.

  • ·Deemed disposition: leaving Canada triggers a paper sale of most property at fair market value on your departure date.
  • ·Exempt: Canadian real estate and registered accounts (RRSP, RRIF, TFSA, RESP, FHSA, pensions) are not deemed disposed.
  • ·Net capital gains are 50% included (the proposed 66.67% hike was cancelled in March 2025), then taxed at your marginal rate.
  • ·Province presets are top combined marginal rates, so they overstate tax on modest gains. Override with your actual marginal rate.

Assets

Exempt from deemed disposition

Estimated tax

$0

Net capital gain

$0

Taxable (50%)

$0

Total property

$0

Forms & elections

T1161 · List of properties by an emigrant
T1243 · Deemed disposition of property
T1244 · Election to defer payment of tax (optional)

Educational. Not financial advice. Departure tax also depends on residency-tie rules, treaty relief, and asset specifics. Province presets are top combined marginal rates (2026 estimates) and overstate tax on modest gains.

Disclaimer

Educational, not financial advice. Output is generated by an AI assistant using simplified assumptions. Tax rates, contribution limits, and benefit amounts change annually; confirm with a CFP, CPA, or the relevant Canadian regulator (CRA, FSRA, OSC, IIROC) before acting. Cross-border emigration tax is complex; confirm with a cross-border CPA and the CRA emigrants guide before acting.