Giving up US citizenship tax

If I currently have dual citizenship, and I move back to Canada
giving up my US citizenship, is it correct that I will never have
to pay anyone tax on the gains that have built in my investment
account while in the US and will get a step up in basis as of the
date I enter Canada?
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david ingram replies:
If your client gives up their US citizenship, they are
immediately liable for a departure tax on their worldwide
holdings.
When your client comes to Canada, there is a step up in the value
of their world wide holdings.
And, if your client gives up US citizenship for tax reasons, they
are forever banned from visiting the US in the future for any
reason other than their own funeral - i.e. dead.
---------------------------
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Disclaimer:  This question has been answered without detailed
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