A space for those considering a move to Canada … https://t.co/XdHWMEPuxJ
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) November 21, 2020
So, what exactly does it mean to be a tax resident of Canada?
Understanding @TaxResidency in Canada: Deemed residence, ordinary residence and severing residence https://t.co/fs6m4ND2qA via @expatriationlaw
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) September 26, 2021
But wait! If you are a tax resident of Canada and you decide to leave Canada you may be subject to Canada’s departure tax.
Resident in Canada? Severing @taxresidency from Canada can be expensive. Not only does Canada have "Departure Taxes" but it pioneered the concept! https://t.co/2WrHAyKJLA
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) September 26, 2021
John Richardson – Follow me on Twitter @Expatriationlaw