Leaving Canada Do Tax Credits and Benefits VANISH?

Leaving Canada? Do tax credits and benefits VANISH when you cut ties with Canada and become a non-resident for tax purposes?

This is one of the biggest questions Canadians ask before retiring abroad, moving overseas, or becoming a permanent traveller — because the truth is, leaving Canada can sometimes save you thousands in tax… but it can also cost you thousands if you accidentally lose the wrong benefits or misunderstand CRA rules.

In this video, I break down the TOP tax credits retirees use to reduce income tax — and then I show you exactly what happens to those credits and benefits if you become a non-resident of Canada.

Here’s what we cover:

✅ The Basic Personal Amount (BPA) (federal + provincial) and why it’s the foundation of your tax return
✅ The Age Amount (starts at age 65) and how it phases out based on income
✅ The Pension Income Amount — what qualifies, what doesn’t, and why CPP/OAS don’t count
✅ Whether credits like the Disability Tax Credit still apply after you leave Canada
✅ What happens to the Canada Child Benefit (CCB) if CRA considers you a non-resident
✅ The CRA 90% rule — and why it determines whether you can still claim key tax credits
✅ The critical difference between non-refundable tax credits vs refundable benefits

This topic is heavily misunderstood. Many people assume everything disappears once they leave Canada — and that’s not true. In many cases, you may still be able to claim certain tax credits as a non-resident if you file correctly and meet CRA’s requirements. But benefits like the Canada Child Benefit are a totally different story.

Bottom line: Cutting ties with Canada can be a powerful planning tool, but it can also blow up your retirement projections if you get it wrong. Before you leave, make sure you confirm your residency status and tax strategy with a qualified cross-border tax professional.

About me

I’m Joe Macek, Cross-Border Investment Advisor and Portfolio Manager with iA Private Wealth, iA Private Wealth USA - and Joe Macek | Private Capital. I help Canadians and Americans plan retirement, manage investments, and navigate cross-border and retiring-abroad decisions.

If you’re serious about keeping more of your money in your family’s hands — and less in the CRA’s — reach out for a personal one-on-one consultation, please contact me here:

https://joemacek.com/contact-us/

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