Hello,
I'm a Canadian citizen returning to Canada after nearly 14 years living in the UK. I have a limited company in the UK with profits that I want to liquidate using entrepreneurs relief. I am moving at the end of this month and setting up a limited company in Canada which I believe means I become a resident from a tax standpoint. My main concern is that I don't want to pay Canadian capital gains tax, as I believe this is higher than the UK entrepreneur relief amount of 10%. I've not yet initiated the process to wind up my company. Can anyone advise on the best way to move to Canada but windup my business in the UK with the best tax relief? Or point me to an accountant that can?
Many thanks
N
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