Are you thinking about leaving Canada but feel overwhelmed by the tax implications? I've got you covered!
In my latest video, I dive deep into the complexities Canadians face when moving abroad. From understanding departure taxes to handling rental income while you're away, I share all you need to know to navigate these financial challenges with confidence.
Whether it's your first time considering a move or you're already living abroad, this guide is packed with vital information to help you manage your taxes efficiently.
➡️Register for my upcoming webinar on February 29th where we will be discussing How to Create $10K Monthly Cash Flow in U.S. Real Estate Investing for Canadians:
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Key Moments In This Episode
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00:00 Introduction to Tax Implications
02:25 What Determines Tax Residency?
07:01 Understanding Departure Tax
09:21 Exceptions to the Rule
14:13 Managing Rental Income from Abroad
16:44 Filing Obligations for Non-Residents
21:02 Corporate Property Ownership Abroad
23:19 Effects on RSP and TFSA
27:47 Global Tax Implications to Consider
If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.
Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies so you don’t miss a thing!
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Please make sure to speak to a professional that knows your personal situation before making a decision.
If you need to talk to someone on my team, email us at admin@cccpa.ca.
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DISCLAIMER:
Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
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