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Canada Revenue Agency 
 
T1244 E (11) 
 
Election, Under Subsection 220(4.5) of the Income Tax Act, to Defer the 
Payment of Tax on Income Relating to the Deemed Disposition of Property 
 
Last name ^
First name ^
Social insurance number (enter 9-digit number) ^
 
Mailing address ^
 
Date of emigration from Canada (Year/Month/Day) ^
 
Complete and attach a copy of this form to your return if you ceased to be a 
resident of Canada in the year and you are electing to defer the payment of 
tax on income relating to the deemed disposition of a property indicated on 
Form T1243, Deemed Disposition of Property by an Emigrant of Canada. You must 
file this election by April 30 of the year after you emigrate from Canada. 
For more information, see Guide T4056, Emigrants and Income Tax. 
 
If you make this election and the amount of federal tax owing from the deemed 
disposition of property is more than $14,500 ($12,107.50 for former residents 
of Quebec), you have to provide sufficient security which is acceptable to 
the Minister of National Revenue. Contact the Revenue Collections Section of 
the tax services office in the region where you last resided in Canada to 
make acceptable arrangements before April 30 of the year after you emigrate 
from Canada. 
 
Notes 
If the amount of federal tax on income relating to the deemed disposition of 
property is $14,500 or less ($12,107.50 or less for former residents of 
Quebec), security is not required. You must however complete this form and 
attach it to your tax return. 
 
If you resided in Quebec prior to ceasing Canadian residency, do not complete 
the provincial or territorial portion of this form. 
 
Tax on income relating to the deemed disposition of property 
 
Line 1: Taxable income from line 260 of your return ^
 
Line 2: Amount of taxable capital gains on emigration from Canada ^
 
Line 3: Other income relating to the deemed disposition of property on 
emigration from Canada ^
 
Line 4 :Any deductions claimed that are related to this deemed disposition ^
 
Line 5 and 6890: Line 2 plus line 3, minus line 4 = ^
 
Line 6: Line 1 minus line 5 (if negative, enter "0") Adjusted taxable income 
^
 
Line 7: Federal tax on your taxable income (from line 1 above) calculated 
using Schedule 1, Federal Tax (less the Quebec abatement, if applicable) ^
 
Line 8: Federal tax on your adjusted taxable income (from line 6 above) 
calculated using Schedule 1, Federal Tax (less the Quebec abatement, if 
applicable) ^
 
Line 9: Line 7 minus line 8 Federal tax relating to the deemed disposition of 
property = ^
 
Line 10: Provincial or territorial tax on your taxable income (from line 1 
above) calculated using Form 428 included in your forms book ^
 
Line 11: Provincial or territorial tax on your adjusted taxable income (from 
line 6 above) calculated using Form 428 included in your forms book ^
 
Line 12: Line 10 minus line 11 Provincial or territorial tax relating to the 
deemed disposition of property = ^
 
Line 13: Add lines 9 and 12. Total tax on income relating to the deemed 
disposition of property = ^
 
Election 
 
I ELECT under subsection 220(4.5) of the Income Tax Act to defer the payment 
of tax according to the amounts of tax specified below: 
 
Line 6891: Federal tax relating to the deemed disposition of property (up to 
the maximum on line 9) ^
 
Line 6892: Provincial or territorial tax relating to the deemed disposition 
of property (up to the maximum on line 12) ^
 
Signature ^
Date ^
 
Do not use this area 
Amount of security provided ^
Type of security ^
Security expiry date ^
 
Privacy Act, Personal Information Bank number CRA PPU 005