Exit Tax & Final Tax Return in Canada
Leaving Canada? Ending Canadian tax residency comes with important tax reporting requirements.
- Guidance through the final tax return process
- Review of potential exit tax (deemed disposition) implications
- Preparation of required tax forms for CRA and disclosures
Olha Vozna
Accountant
Trusted Experts In
What You Should Know Before Leaving
Canada Doesn't Forget
CRA exchanges account data with 120+ countries. Moving away doesn't close the file — it delays the letter.
Risk of Double Taxation
Without exit paperwork, Canada may still count you as a resident. Two countries, one income, tax on both sides.
Exit Tax Hits Before You Sell
The day you leave, CRA treats certain property as sold — though you still own it. Most people learn this too late.
What Our Clients Say
Reviews from our public Google profile
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I had a great experience with Anytime Accounting for my self-employed tax return. Olha Vozna was incredibly helpful, knowledgeable, and patient throughout the entire process. She made what can be a stressful time feel completely manageable and ensured everything was handled accurately. I felt confident every step of the way knowing I was in good hands. I highly recommend Anytime Accounting to anyone looking for reliable and professional accounting services!
I got a fantastic express consultation from Olha Vozna. Answers and information were very accurate, valuable, and professional. My entire family will only do their taxes with Olha. Update. Last week we were doing our taxes with Olha. Process was smooth and easy. Olha is professional as accountant and very pleasant person. Finally we found our family accountant. Special thanks to administration team. I was rescheduling my appointment and administrator find for me best option. With Anytime accounting I feel professional service and well cared as client.
I’ve been filing my taxes with Anytime Accounting for the past 2 years and I had a great experience each time. The process is always quick, easy and well organized. Olga Vozna is very professional, and I really appreciate the pleasant conversation during the appointment, it makes the whole experience even more enjoyable. Thank you very much for the excellent service! I’ll definitely be back next year!
I want to express my gratitude to Olha Vozna for the professional approach, the humanity, for the consultation on various questions. I filed my return with her. I came to her with various questions, the answers were clear. I recommend Olha Vozna as a responsible and reliable specialist who is pleasant to work with.
Absolutely amazing service! Our schedule is unpredictable, and it’s always been a challenge to find time for paperwork. The team at Anytime Accounting, and especially Olga Vozna, truly went above and beyond for us — they arranged late-evening appointments so we didn’t have to miss work, and the entire tax filing process was handled online, which made everything so much easier and stress-free. We’ve been filing our tax returns with Olga Vozna for two years now, and every experience has been fantastic. She explains everything in detail, answers all our questions, and always makes sure we understand every step. It’s such a relief to have a professional we can really trust! We genuinely feel cared for as clients, and we recommend Olga to everyone who wants not just good service, but real support and understanding. Thank you for making taxes so much easier for our family!
We had a great experience with Anytime Accounting in Calgary while filing our taxes this year. Everything was smooth, professional, and well organized — both communication and the overall process. A special thank you to Olga Voznaya for helping my husband and me with our tax returns. She was knowledgeable, responsive, and took the time to explain things clearly, which made the whole experience feel easy and stress-free. We also really appreciated that the service is available both online and in person — very convenient. Beyond the professional side, it was simply a pleasure communicating with genuinely kind and caring people. Highly recommend Anytime Accounting to anyone looking for reliable accounting and tax support in Calgary! ⭐️⭐️⭐️⭐️⭐️ The best Ukrainian accountant in Calgary and in Canada 💛
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FAQ
The first thing to work out is whether this is a long trip or an actual move away from Canada. That determines your tax residency, and whether you keep paying Canadian tax on income from other countries.
Before you leave, the end of your Canadian tax residency needs to be dealt with properly. That usually means confirming your tax status as of the departure date and filing a final tax return. Skipping this step can leave you with ongoing tax obligations or questions from CRA later.
If the required information is not provided, CRA may issue an estimated assessment based on available information.
Exit Tax is a tax that may arise when leaving Canada. In certain circumstances, CRA considers that on the day of departure you are deemed to have disposed of some assets at their fair market value, even if no actual sale occurred (deemed disposition).
Don't take our word for it
None of this is our interpretation. It is CRA's own wording — check it yourself:
- CRA — Leaving Canada (emigrants): residency, departure tax, which return to file
- CRA — Enhanced financial account information reporting: the Common Reporting Standard and the 120+ jurisdictions Canada exchanges information with
- CRA — Interest and penalties on late taxes: what filing late actually costs
Checked: 2026-07-27