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Leaving Canada tax issues
Hi there.
Just wondering if anyone has any info regarding taxes and what you can and can not own if you are leaving the country for overseas work? thanks;) |
Basically, the only things you can hold onto are your home (rented at arms length, NOT to a family member) and your RRSPS (cannot be touched - added to or changed). All credit cards, Healthcare , Vehicles, are a not allowed. Second properties will cost you a tax fortune and I am not sure of the implications. There are very specific ways about cancelling your healthcare / phone/ credit cards etc. Try the Expatriate Group at 1-888-232-8561 - (they also can do your taxes while you are out of the country and invest). To do everything legally, it can be overwhelming, but the Exp. Group gives you a step by step walk through of everything that needs to be done. Good Luck!
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Well there you go.:confused:
I thought you could not own a home but having a car was no problem. I will call them. Thanks ;) |
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