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Discussion Starter · #1 ·
Hello

In 2011 I moved to the US to work here, but I still own a residential property in Canada.
I'm planning to sell it in order to buy somewhere in the US but then heard today for the first time about departure tax.

Would departure tax only be applied if a gain is made on the sale of the property?
(Despite buying it a few years ago it hasn't risen in value, and would probably be sold for a small loss, in which case I don't have to worry about a large departure tax?)
 
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