Published: March 5, 2020
Last Updated: April 16, 2020
If you’re immigrating to Canada it is often advantageous to sell investments with accrued losses before coming to Canada since you will be unlikely to be able to use the foreign capital loss to offset other gains after you arrive in Canada, while gains that accrue on the investment after immigration will be taxable in Canada upon disposition.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
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