Tax implications of canadian non resident selling stock

Question

666 viewsMarch 7, 2023

0

Anonymous Posted March 3, 2023

My broker re-balanced my investments by selling some stocks before I got a chance to inform him I am a non resident. What are the tax implications? Which tax return needs to be filed?

Thanks

1 Answer

score 0 · Answer 1 · 2023-03-07T15:40:46+00:00

Hi,

You need to file a T1 Departure Return and you may owe departure tax. Gains / losses from marketable securities sold after your departure date are not taxable in Canada.

Tax implications of canadian non resident selling stock

1 Answer

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