Navigating Tax Implications for Expat Business Owners: Strategies for Private Corporations

If you're an expat business owner with a private corporation, understanding the tax implications of operating your business while abroad is crucial. In this video, we explore what happens to your business when you leave Canada and the advice you need to consider. Learn about the rule that deems the sale of your business upon departure and the options available to handle this scenario. From liquidating assets to pledging shares as security, we'll discuss the challenges and intricacies. Discover how paying taxes upfront before leaving can lead to tax savings in your new country. Join us to gain insights into effective strategies for expat business owners to manage their private corporations' tax complexities.