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posted May 1, 2023 2:56:03 PM

T1135 How to increase cost basis for year 1

Moved from US to Canada and should my stock portfolio cost basis be the Fair Market Value on the day I moved to Canada?

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1 Replies
Level 1
May 1, 2023 3:02:27 PM

Hello yes that's correct. The fair market value the day you entered into Canada