Ask Allan Forum
Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.
Notifications
Clear all
Ask Allan Forum
2
Posts
2
Users
0
Reactions
1
Views
Mar 03, 2023 4:02 pm
My broker re-balanced my investments by selling some stocks before I got a chance to inform him I am a non resident. What are the tax implications? Which tax return needs to be filed?
Thanks
1 Reply
Mar 07, 2023 3:40 pm
Hi,
You need to file a T1 Departure Return and you may owe departure tax. Gains / losses from marketable securities sold after your departure date are not taxable in Canada.
