If you owned multiple properties before you left Canada, you may need to complete Form T1161 – List of Properties by an Emigrant of Canada.
If you wish to defer payment of income tax relating to the deemed disposition of property, adequate security may be required.
There it is. You have made the decision to leave Canada permanently. Since this is not without tax consequences, such a decision should not be taken lightly. Whatever your reason for emigrating from Canada, you will benefit from planning it well! Deemed dispositions If you emigrated from Canada and disposed of more than one property […]