Deemed capital gain & Providing security for deferred departure tax

Allan Madan, CA
 Oct 10, 2018

This training is to provide the procedures for individual for filing departure tax return and deferring the payment of tax on income relating to the deemed disposition of properties. It also provides an explanation of the possible securities that CRA may accept.

1. “Departure tax return – Deemed CG”
This provides overall steps of what needs to be done in order to defer the tax payment on deemed disposition and unwind the election in the future.

2. “Information on Posting Security for Departure Tax”
This provides information on assets can be secured. If you want to know more about how to secure Canadian private company, it’s explained pg. 3 of the document.

3. “Security agreement – Security on shares of privately held corporation”
This is a sample security agreement you will need to provide to CRA if you would like to secure the shares.


The following material is for training purposes only. It is only intended for the internal use of Madan Chartered Accountant and is not accessible to the public. Thank you.



The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

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