Departure Tax Return Filing Service in Toronto

Canadians leaving the country permanently face deemed disposition taxes on their worldwide assets. Our departure tax return filing service in Toronto calculates your tax liability, prepares required forms, and submits your final Canadian return to CRA accurately and on time.

Get Free Consultation

CRA compliant process. Trusted nationwide.

Tax Return Filers LTD Delivers Strategic Tax Solutions in Toronto

Clients trust our proven approach. Each financial situation receives a custom tax strategy supported by deep expertise and attention to detail. Our 100% five star ratings across verified reviews reflect consistent client satisfaction and on time filings.

Trusted by 1,000+ Canadians

CPA

CPA Certified

QuickBooks

Certified Partner

Why Hire a Departure Tax Accountant in Toronto?

Leaving Canada permanently triggers deemed disposition taxes on your worldwide assets that require careful calculation and strategic planning. A departure tax accountant in Toronto ensures accurate reporting, identifies available exemptions, and minimizes your final Canadian tax liability before you relocate.

Our Chartered Professional Accountants handle Departure Tax Returns Toronto residents trust for complex situations involving investment portfolios, real estate holdings, RRSPs, stock options, and business interests. We prepare Forms T1161, T1243, and T1244 accurately and file your final Canadian return before CRA deadlines.

Partnering with Tax Return Filers gives you pre-departure planning that reduces your tax burden and post-departure support for any CRA inquiries. Toronto clients receive comprehensive guidance on residency determination, asset timing strategies, and ongoing Canadian obligations after their move.

Departure Tax Returns in Toronto & Moving Out Of Canada Tax Filing Service in Toronto

Solutions for Non-Residents

Specialized tax services for individuals with Canadian income, property, or cross-border obligations.

Real Estate Tax

Capital gains and HST rebates

Cross Border Taxes

Canada-US filings and treaty claims

Non-Resident Tax Filing

Part XIII and Section 216 elections

Departure Tax Return

Deemed disposition and T1161 filings

Certificate of Compliance

T2062 clearance for property sales

Complete Departure Tax Return Services in Toronto

Canadians with complex holdings need specialized support when filing departure taxes in Toronto. Our accounting firm in Toronto work with clients holding investment portfolios, private corporation shares, stock options, foreign assets, and Canadian rental properties to ensure accurate reporting across all asset categories.

Our Chartered Professional Accountants determine fair market value for each holding on your departure date. We apply principal residence exemptions, calculate adjusted cost bases, and identify treaty provisions that reduce your Canadian tax liability.

Clients receive a complete departure tax package ready for CRA submission. This includes your final T1 return, all required schedules, and supporting documentation that substantiates every valuation and calculation we prepare.

Moving Out Of Canada Tax Filing Service in Toronto

Leaving Canada permanently creates immediate tax obligations that require professional guidance before your departure date. Our Toronto accounting firm provides comprehensive emigration tax services covering every CRA requirement for residents relocating abroad.

CRA treats your exit as a deemed sale of most worldwide assets at fair market value. Our Chartered Professional Accountants establish your official departure date, review your complete asset portfolio, and determine capital gains exposure on investment accounts, rental properties, private corporation shares, and foreign holdings. We maximize deductions on your final T1 return and apply available exemptions to lower your departure tax liability.

Form T1161 reports all properties owned at departure exceeding $25,000 in total value. Form T1243 allows deferral elections on eligible assets when you post acceptable security with CRA. Form NR73 confirms your residency status and departure date for CRA records. Our Toronto team prepares each form accurately and advises on post-departure treatment of RRSPs, TFSAs, and any Canadian income sources requiring ongoing compliance after you leave.

Why Choose Tax Return Filers Ltd ?

Our team combines advanced academic credentials with decades of practical experience to deliver exceptional tax solutions tailored to your needs.

CRA-Compliant Experts

Our team includes CPA, ACCA, PhD-qualified professionals with specializations in cross-border, corporate, and personal taxation.

CRA Audit Defense

Successfully handled numerous CRA audits with expertise in Foreign Tax Credits, Section 216/116, and complex tax matters.

Strategic Tax Planning

We don’t just file returns, we develop proactive strategies to minimize your tax burden and maximize your financial outcomes.

Trusted Nationwide

With offices in the Greater Toronto Area and Calgary, we provide expert tax services to clients across Canada confidently.

Our Toronto Office

Our CPA firm is located in Toronto and serves clients across the Greater Toronto Area. We provide in-person meetings at our office and virtual consultations.

Address

19 Woodbine Downs Blvd #204, Toronto, ON M9W 6N5, Canada

Phone

+1 647 483 1727

support@taxreturnfilers.com

Get Directions

Customers Reviews

Meet Our Tax Professionals

Our team includes Chartered Professional Accountants and licensed CPAs with years of hands-on experience. We track every tax law change to provide accurate guidance for individuals and businesses.

Waqar Naqvi, PhD

PhD, MFin, CFA®, ACPA, Managing Partner

Narinder Singh, CPA

Head of Tax Planning, Corporate Structuring, and Corporate Taxes (T2)

Umar Khan, ACCA

Head of Bookkeeping US & Canada, Payroll, and HST

Got Any Questions?

Departure tax is a tax on unrealized capital gains when you leave Canada permanently. CRA treats most of your assets as sold at fair market value on your departure date, creating an immediate tax liability on any gains.

Any Canadian resident who emigrates and owns assets with unrealized capital gains pays departure tax. This applies to individuals holding investments, rental properties, private corporation shares, and other taxable Canadian property.

CRA calculates deemed disposition by subtracting your adjusted cost base from the fair market value of each asset on your departure date. The resulting capital gain is taxed at your marginal rate.

Certain assets qualify for exemptions including principal residences, registered accounts like RRSPs and TFSAs, and Canadian real property. You also defer departure tax by posting security with CRA. Our residency change tax service Toronto team reviews your holdings and identifies every legal strategy to reduce your tax burden.

Your final Canadian tax return is due by April 30 of the year following your departure. If you owe departure tax, payment is also due by this deadline unless you elect to defer by posting security.

Yes. CRA allows departure tax deferral when you post acceptable security covering the tax owing. Form T1244 allows deferral on employee stock options. Our departure tax near Toronto services prepare deferral elections and handle security arrangements with CRA.

Form T1161 lists all properties you owned when you left Canada with a total value exceeding $25,000. CRA requires this form with your final return to verify your departure tax calculations.

Your RRSP remains intact after departure but future withdrawals face 25% non-resident withholding tax. You cannot contribute after becoming a non-resident. Our residency change tax service Toronto team advises on withdrawal timing and strategies to minimize tax on your registered accounts.

Returning residents may recover some departure tax paid through an adjustment to the adjusted cost base of their assets. Our Chartered Professional Accountants review your situation and file necessary amendments to recover overpaid taxes.

CRA applies deemed disposition to publicly traded shares, private corporation holdings, investment portfolios, and foreign properties. Principal residences, RRSPs, TFSAs, and Canadian real estate are exempt.

Your final T1 return is due by April 30 of the year following departure. Forms T1161, T1243, and T1244 must accompany your return if applicable.

Book a Free Meeting with Our Tax Experts

Take the first step toward better tax planning with a free consultation. Our team is ready to review your situation and provide clear guidance. Book a time slot directly on our calendar and we will connect with you shortly.