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All Blog Posts Tagged 'expat' (3)
Americans Exiting Canada: Understanding the Five-Year Deemed Disposition Rule
American citizens living in Canada for more than five years face an imposed exit tax on unrealized gains.
One of the most common questions we receive from Americans moving to Canada is how to navigate around the Canada Revenue Agency’s five-year deemed disposition rule. Canada assesses an exit tax on any unrealized capital gains inside taxable accounts in cases where the U.S. citizen moves back to the United States after having been a Canadian…
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