Free tool
Canada Exit Tax Calculator
Estimate Canadian departure-tax exposure before leaving Canada. Enter each asset's fair market value, adjusted cost base, and expected treatment to see a rough deemed disposition estimate and the CRA forms to review.
What this estimates
How the estimate works
CRA guidance says that when you cease to be resident in Canada, you may be deemed to dispose of certain property at fair market value and reacquire it at the same amount. This calculator estimates the gain by comparing fair market value with adjusted cost base for assets you mark as included.
It then applies the capital gains inclusion rate and your chosen effective marginal tax rate. This is intentionally conservative and simplified. It does not calculate exact federal/provincial brackets, foreign tax credits, lifetime capital gains exemption, superficial loss issues, currency conversion, trust rules, or treaty outcomes.
Important exclusions
Some property is handled separately
Canadian real property, RRSPs, RRIFs, TFSAs, RESPs, certain pensions, cash, and some personal-use property are generally excluded from the deemed-disposition calculation or handled under separate non-resident rules. The calculator lets you enter them so they show in the inventory, but does not treat them as taxable unless you choose to.
If you have private company shares, crypto, stock options, trusts, foreign real estate, or a Canadian rental property, use the result as a triage signal rather than a filing number.
CRA forms this calculator may flag
| Form | When to review it |
|---|---|
| T1161 | When certain properties owned on departure exceed CRA's reporting threshold. |
| T1243 | When you have deemed dispositions of property as an emigrant of Canada. |
| T1244 | When you want to review deferring payment of tax relating to deemed-disposition income. |
Frequently asked questions
Is this Canada exit tax calculator a final tax calculation?
No. It is an educational estimator that uses user-entered asset values, adjusted cost base, capital gains inclusion rate, and effective marginal tax rate. A final result depends on the departure date, province, asset classification, exemptions, losses, filings, and professional advice.
What assets should I enter?
Enter assets that may need a departure-tax review, such as non-registered securities, private company shares, crypto, foreign real estate, options, partnership interests, trusts, and other capital property. Registered plans, Canadian real property, cash, and some excluded property are usually handled separately.
What CRA forms can be relevant?
Form T1161 may be relevant when an emigrant owns certain properties over the reporting threshold. Form T1243 is used for deemed dispositions by an emigrant, and Form T1244 is used to elect to defer payment of tax on deemed-disposition income where applicable.
Can departure tax be deferred?
CRA guidance allows an election to defer payment of tax on income relating to the deemed disposition of property by filing Form T1244. Security may be required above CRA thresholds.