When you leave Canada, you are considered to have sold certain types of property (even if you have not sold them) at their fair market value (FMV) and to have immediately reacquired them for the same amount. This is called a
deemed disposition and
you may have to report a capital gain (also known as departure tax).
Your property could include the following: shares, jewelry, paintings, or a collection.
For more information, go to
Dispositions of property.
Information for individuals who leave Canada to settle in another country and who are considered emigrants for income tax purposes.
www.canada.ca