@megynkelly Thank you Megyn. I've been sitting in the chair in my study utterly numb. The US was founded as a revolt against unfair taxation and what I just found out is orders of magnitude worse than that. It is soul-crushing.
Yes, Canada has a departure tax (aka exit tax). When you emigrate and cease Canadian tax residency, the CRA deems most assets disposed of at fair market value immediately before departure. This triggers capital gains tax on unrealized gains accrued while resident.
Quebec applies similar rules via Revenu Québec (form TP-785.2.5-V if property FMV >$25k).
Exclusions often cover principal residence, RRSPs/TFSAs/pensions. You can elect to defer the tax (with security) until actual sale.
Gad’s accountant likely calculated a big deemed gain on his investments/property. Official CRA details: https://t.co/Gd64YpuWiC
It’s tax on paper gains, not a flat wealth levy.
@GadSaad It's because we have to rob people from their hard working money so we can feed the out of control refugee scams.
There are still over 300,000 being processed that will cost over $5B.
Following a very difficult meeting with my accountant, I just found out how much it is going to cost me in terms of an "exit tax" to leave Quebec and Canada. No human being in a free society should have their hard-earned money stolen in this manner. I'm genuinely numb. I'm speechless.
Carney had to rush to Vancouver for a photo op to portray look I am Canadian,even though he identifies as European,called Ireland HOME and spends more time out of Canada than in Canada. Who actually believes in this fake??
POILIEVRE: Just 2 months ago, Carney said "affordability is the best it's been in a decade."
& yet...
- housing affordability worsened in all CDN markets
- homeless seniors sleeping in coffee shops
- nothing has improved for Canadians
- doubled deficit
- anti development laws still here
- carbon tax 6 times higher
Does life feel affordable to you?
I’m past anger now!!!
I’m just confused.
How the hell can people see what’s happening to this country and still vote Labour Party?
What am I missing? 🤷♂️
How completely out of touch is Safety Minister Gary & the rest of the Liberals?
No one wanted Bill C-22 to pass yet he’s presenting it as some sort of proud moment for Canadians?
Every other Party voted against the Bill. Tech companies raised countless concerns regarding it.
This false majority Government is a danger to Canadians.
Toronto Police just arrested a regime supporter waving Iranian and Palestinian flags on Canadian soil. I’M SHOCKED!!
Look at this.
While Mark Carney and the Liberals keep flooding this country with unvetted people and turning a blind eye to rising crime and foreign influence, Toronto Police are finally doing what they should’ve been doing for years — removing people who openly support hostile regimes from our streets.
This is what happens when you let Canada become a playground for every radical cause and foreign flag. Protests turn into chaos. Foreign regimes get cheered on in our cities. And regular Canadians are left wondering whose side their own government is on.
I’m shocked it took this long for police to act.
We don’t need more “diversity.” We need law and order. We need borders that actually mean something. And we need leaders who put Canada first — not the people waving enemy flags on our sidewalks.
Toronto Police did their job here. Now the rest of this country needs to wake up and do the same.
#cdnpoli #Toronto #MarkCarney #LiberalFail #CanadaFirst #SecureOurStreets
Update out of the UK!
The 30-year-old man who threw a 3-year-old child into a crocodile enclosure at UK zoo has been released on BAIL!
UK police also said that he is too incompetent for interview.
But let’s release him back onto the streets.
I bet anything he’s a migrant!!
I decide to leave Quebec/Canada because:
1) the taxation system is astounding, rendering it nearly impossible to accumulate enough money to truly retire
2) the government's open immigration policies have made it unsafe for my family to remain here (due to the exponential increase in Jew-hatred).
Today I found out that I shall have to pay a departure tax for exercising my right to leave, and the money that will be taken from me (because the obscene amount of taxes that I've already paid in full is not enough) will be given to new incoming immigrants who hate Jews. My taxes funded my forced exit and will fund the harassment of any remaining Jews in Canada.
It would take me 10+ more years of work to save the amount that is likely to be taken via the departure tax.
Is this moral? Ethical? Just? In any case, off to bed. Tomorrow is a new day.
🚨BREAKING: Elon Musk is right — every UK politician who turned a blind eye to the Rape of Britain must go straight to PRISON.
250,000 innocent British girls groomed, raped, and destroyed by gangs while cowards in power looked the other way for votes and political correctness.
This evil was covered up for decades. No more excuses.
Throw them in prison.
Share if you stand for the victims. 🇺🇸
What's your response to this......??👀
Do you firmly support Elon Musk on this?
A. Huge Yes👍
B. No
🚨BREAKING: Keir Starmer will make a decision over the weekend with his family over whether he will resign in disgrace as Prime Minister, per the Times
I think this is it… 🇬🇧