Tag: Deemed disposition Canada

Buying a new house or condo in Ontario often includes GST/HST, but many buyers may qualify for significant tax rebates. Understanding which rebate applies can save thousands of dollars. With Bill C-4 receiving Royal Assent in March 2026, there are now three key rebate routes buyers should understand: Regular GST/HST Owner Rebate GST/HST New Residential

If you are planning to leave Canada permanently in 2026 — whether returning to India or relocating to another country — there is one major tax concept you must understand: Departure Tax (Deemed Disposition). Many individuals mistakenly believe that surrendering Permanent Residency (PR) automatically triggers tax. This is not correct. Departure tax applies when you