Leaving Canada–What Happens?


Hey Cam, I just received an offer from a US company to go work down in California, and I’m trying to figure out how this is going to work for tax purposes. I plan to close my TFSA, leave my RRSP accounts as-is, and get rid of my Canadian drivers license, bank accounts, and sell my personal residence.

Would this make me a non-resident for tax purposes? If it takes a while to sell my house, will there be any issues with capital gains?


Based on what you’ve detailed here, you would indeed be treated as a non-resident for Canadian tax purposes.

One thing to watch is that if you sell the house as a “non-resident”, there are a bunch of Canadian non-resident tax rules that you’ll need to comply with. (Part XIII etc.)

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