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[Music] welcome to the GTA accounting YouTube channel where we have the latest accounting and tax tips watch our videos and feel free to ask questions in the comment section below click here to subscribe to our channel departure tax and its implications many Canadians wishing to retire soon but are not looking forward to the miserable weather that takes up more than half of each year and the high cost of living are faced with a certain dilemma and that is the departure tax ing to the Broadbent Institute a very small minority around 15 to 20 percent of middle-income Canadians without an employer pension plan have saved sufficient funds to retire comfortably as such many soon to retire workers seek places outside of Canada where the cost of living hovers around 2,000 per month for a couple it is imperative to understand that the intricacies of departure tax for retirees seeking a life outside Canada post retirement when leaving Canada one is considered to have sold their property even th