Canada

Crypto Tax Trap For Canadian Emigrants: When You Cease To Be A Canadian Tax Resident, Your Cryptocurrency Portfolio May Be Subject To Departure Tax – Capital Gains Tax – Canada

Crypto Tax Trap For Canadian Emigrants: When You Cease To Be A Canadian Tax Resident, Your Cryptocurrency Portfolio May Be Subject To Departure Tax – Capital Gains Tax – Canada

Introduction – Departure Tax for Canadian Emigrants with Cryptocurrency When a taxpayer ceases to be a Canadian tax resident, paragraph 128.1(4)(b) of Canada's Income Tax Act deems the taxpayer to have disposed of almost all property (including cryptocurrency, non-fungible tokens (NFTs), and other digital ...