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Tag Archive for residence taxation

Part 8 – Understanding “Exit Taxes”

John Richardson 17
“The U.S. “Exit Tax vs. Canada’s Departure Tax – citizenship taxation vs. residence taxation”

Cdn Departure Tax has a logic to it. To have to pay a US “exit tax” when I left > 30 years ago, beggars belief. https://www.facebook.com/groups/AmericanExpatriates/permalink/448847051948039/?comment_id=450160951816649& 

The above tweet references the following comment:

“At least the departure tax has a sliver of logic to it, and an appropriate name. To have to pay a US “exit tax” when I left empty handed over thirty years ago, beggars belief. Perhaps if they called it an escape tax or freedom tax that would make more sense.” Read more

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