PPRuNe Forums - View Single Post - Moving from Canada to Hong Kong?
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Old 10th December 2006 | 23:14
  #5 (permalink)  
Ready
 
Joined: Mar 2001
Posts: 102
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From: Moving along
Driver's licence you can keep.
Car(s) you don't keep.
House you can keep, but you have to rent it while away, otherwise sell it.
Bank accounts you can keep, including credit and ATM cards attached to it, but DO NOT use any of them while in Canada. Abroad ok.
That's right, get yourself a good international accountant. Avoid the very well known firms, they can be expensive. Better off to wait til you're over there, some canadians at CX could recommend a good and cheaper one, one who's dealing with pilots working overseas is a must.
As mentioned before, declare yourself as a non-resident with Revenu Canada, your accountant will guide you better than me on that one.
Mine knows all that stuff but he's in the wrong part of the country, so no good use for you. I'm abroad and I do my income tax return every year. Behave like a non-resident and you'll be ok. Do not give them a single reason to look into your case a little deeper because they'll do it (even many years later when you think you're home safe), and if they find the slightest breach, then your accountant better be better than good.
Be warned: Just like anything else in life, the laws they keep changing. What could be valid when you join, may not be the day you decide to repatriate your things back home.
Happy Landings.
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