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deemed disposition

Form T1243, Potential Tax Filings for Emigrants of Canada

September 14, 2013

If you are a Canadian resident and planning to leave the country for an extended period of time, there are certain forms that may need to be filed, such as: Form T1161, Form T1243 (Deemed Disposition of Property by an Emigrant of Canada). In an effort to inform Canadian taxpayers, our AG Tax professionals have...

personal taxes

Immigrating back to Canada: Unwinding a deemed disposition

October 31, 2011

Some time ago you may have decided to leave Canada and settle in another country. Your intention was to leave Canada permanently and not return. Since Canada taxes Canadian residents on their worldwide income you did not want to be in a tax situation where you were required to pay income taxes to two different...