Emigrant exit tax

Tax Topics
1

From CRA website
" If you ceased to be a resident of Canada in the year, you were deemed to have disposed of certain types of property at their fair market value (FMV) when you left Canada and to have immediately reacquired them for the same amount. This is called a deemed disposition.
This applies to most properties. Some exceptions are:

  1. Canadian real or immovable property, Canadian resource property, and timber resource property"
    This says real property is an exception but that’s not what T1161 says?
2

Real property (assuming we’re referring to real estate holdings here), is not subject to the deemed disposition provisions in Canada.

Side note: If your client owns a home and wants to change it’s use when they’re gone, consider filing a 45(2) (the effect of this will be temporary).

3

@neal In addition to your T1161, you may wish to consider sub-paragraph 128.1 (4)(d).