Some countries impose an “exit tax” when you leave and give up tax residency. This is essentially a capital gains tax on your unrealised gains at the time of departure.

 

 

• Canada calls this a “departure tax” — it deems you to have sold most of your assets at fair market value on the day before you become a non-resident.
• Australia doesn’t have a formal “exit tax,” but if you hold taxable Australian property when you cease residency, special rules apply (you may defer or pay upfront).
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🔗 External references: CRA Departure Tax | ATO Capital Gains for Foreign Residents

👉 Tip: Before moving, review your investment portfolio — selling or restructuring assets before exit can sometimes save big tax bills.

 

 

• An Australian expat → check the Australia Expat Tax Guide for superannuation rules.

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• A Canadian expat → see the Canada Expat Tax Guide for RRSP and TFSA rules.

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• For more insights, browse the full Expat Tax Tips & Insights.