Leaving Canada? Do Not Forget This Tax Trap

Canadians can leave the Canadian tax system without giving up their passport, but many are surprised to learn that doing so may trigger Canada's departure tax. In this video, Javier Correa, Tax Director at Rothbard Group, explains how Canadian tax residency works, what happens when you become a non-resident, and why the departure tax can create significant tax exposure even when no assets have been sold. Javier also discusses deemed disposition rules, tax planning opportunities before departure, tax deferral strategies, asset structuring considerations, and common mistakes Canadians make when relocating abroad. If you're considering a move to Panama or another low-tax jurisdiction, understanding Canada's departure tax rules should be a critical part of your planning process. 🚀 Explore your international relocation options: https://rothbardgroup.com Video Chapters: 00:00 Canadians Can Leave Their Tax System 01:03 Canadian Tax Residency Rules 02:10 Canada's Departure Tax Explained 03:22 Strategies to Reduce Departure Tax 04:40 Timing Your Exit from Canada 05:20 Post-Departure Tax Traps 06:24 Planning Your Move Properly Connect with The Rothbard Group: 🌐 Website: https://rothbardgroup.com 💼 LinkedIn:   / rothbardgroup   📸 Instagram:   / rothbardgroup   Disclaimer: Content is for informational purposes only and does not constitute legal or tax advice. Marketing of the Rothbard Group is carried out by its authorized reseller, Rothbard Global. Javier Correa is an attorney licensed in Venezuela and Enrolled Agent in the United States of America authorized to practice before the IRS and the Legal Director of the Rothbard Group. #rothbardgroup #movetopanama #canadatax #panamaresidency