Posted: Sun May 04, 2008 8:14 pm-
You'll need to declare any income from it to the CRA from the date that you move back and pay income tax on that income. If you're transferring the capital (or leaving it where it is) then there is no tax.
If the value of the investment is over $100,000, you will need to notify the CRA when you file your tax return on Form T1164.
To avoid dual taxation you will need to do whatever you need to do in Japan to claim non-residency, check with the CRA on foreign tax credits because that's going to be an obscure one if there is a tax credit for it and Japan taxes it in some way even though you are non-resident.
If there is no Japanese tax, then there is no need to claim a tax credit, obviously.
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Steve.