Are you planning to move out of Canada and wondering how it might impact your taxes? Understanding the concept of deemed disposition is crucial, as it can trigger significant tax consequences when you become a non-resident. This process means that the Canada Revenue Agency may consider you to have sold certain assets, even if you have not actually sold them, which can result in unexpected tax bills. By learning how deemed disposition works and what assets are affected, you can better prepare for your transition and avoid costly surprises.