![Grant Gilmour](https://www.taxconnections.com/taxblog/wp-content/uploads/GG-7.13-29.png?resize=90%2C90&ssl=1)
Are there any consequences when a corporation leaves Canada and takes up residence in a new country?
Generally, a corporation is a resident of Canada if its central management and control is exercised from Canada. When this stops occurring, the corporation is considered to be a non-resident of Canada, regardless if initially incorporated in Canada or not. This can result in taxes owing.
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