Meet Mark — A Canadian Techie on the Move

Mark was relocating from Toronto to Singapore for a new role in fintech. He figured he’d just file one last Canadian tax return and be done with it.

❌ Wrong.

Canada’s departure tax rules mean you may be taxed on your worldwide assets — even if you haven’t sold them.

🦊 Enter Felix the Tax Fox.

Thanks to the Canada Expat Tax Guide, Mark:

• Realized he needed to file a departure return (T1 + Form T1161)
• Got clarity on which assets were exempt (hello RRSPs 👋)
• Listed all reportable assets before the CRA could chase him
• Used Felix’s step-by-step checklist to avoid penalties or delays

The result? Mark filed everything cleanly and avoided a $6,500 surprise bill.

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Heading overseas from Canada?
👉 Download the Canada Expat Tax Guide
👉 Read the Free Global Tax Basics Guide