0
Anonymous

Becoming a Non-Resident of Canada

Regarding the exclusions of departure tax –

“Property belonging to a short-term resident (an individual who is a resident in Canada for less than 60 months in the 120-month period preceding the disposition) when that resident came to Canada or any property acquired through inheritance after that individual became a resident of Canada.”

If I lived outside of Canada for more than 60 months in the 120-month period preceding the disposition, do I qualify for the short-term residency? (P.S. I still file income tax every year to CRA while traveling or living abroad.)

Thank you for answering.