Canada's Exit Tax Explained

00:00 - Introduction 02:49 - Exit Tax Basics 07:03 - Exemptions 08:34 - Why the Tax Exists 09:55 - How High the Rates Reach 12:06 - Impact on Corporations 16:02 - The LCGE 16:39 - Deferring Payment 17:20 - Other Considerations 18:02 - USA Exit Tax 19:42 - Conclusion A post about Canada's exit tax went viral on X recently - today, we clear up some misinformation and clarify how the tax actually works. DISCLAIMER: This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer). Richard makes no warranties regarding the accuracy of data included in this video.