Tax Tips & Considerations When Emigrating Canada

By Alan Baggett

Tax Tips & Considerations When Emigrating Canada is short study of how to prepare and plan for those interested in becoming non-residents of Canada. Written in easy to understand English. Complete with illustrations of some of the many forms non-residency involves as well as links to related web based material. Alan Baggett

• Language: English
• Publisher: Lulu.com
• Release date: Mar 27, 2014
• ISBN: 9781304985088

Book preview

Tax Tips & Considerations When Emigrating Canada

Tax Tips & Considerations When Emigrating Canada

Alan Baggett

Other tax booms by this author

The Tax Collector’s Bible - http://www.taxcollectorsbible.com/

The Uncivil Servants: Memoirs of a Canada Revenue Agency Tax Collector

The Bottom Line on Gifting Arrangement Tax Shelters in Canada

Please note…

The contents of this book are presented for information purposes only.

Please consult your lawyer, financial adviser or competent other before considering any changes to your current personal, financial and/or tax situation(s).

Published by Alan Baggett

©Alan Baggett 2014

First Edition April 2014

Typeset by Alan Baggett

Printed in Freelton, Ontario, Canada

Tax Tips & Considerations When Emigrating Canada

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without the written permission of the Publisher. For information address: Alan Baggett, Freelton, Canada.

ISBN: 978-1-304-98508-8

Printed in the Dominion of Canada

April 2014

Foreword

From sea to shining sea Canada is a nation to be envied.

And if you find that bold claim hard to swallow, well… consider that the overwhelming majority of international list makers agree as well. Whether considering Canada in its entirety or through a minute examination of the individual regions and cities that make up this great nation, all sources rank Canada near the top, if not at the very top, of the best places to live. Year after year. 

So how could Canada not be a wonderful place to live?

Yet despite these high rankings, Canada might not be a little slice of heaven for all who live here.

For some the grass might look a little bit greener just across the border.

Or perhaps they just want a change of pace.

So they sit and ponder over foreign pastures.

Though there are many who might be more than a little surprised if you were to tell them that you were considering leaving the Great White North.

And to actually depart these fine shores for good well…

With a strong education system, top-notch health care, good infrastructure, few natural disasters and a mild mannered citizenry it would be tough for those who are thinking of leaving on a semi permanent or a permanent basis not to find some common ground with their critics.

Yet despite these many pluses still there are some that would opt to depart Canada.

And the most common reasons they give when asked why they are leaving Canada? Job opportunities. A change of climate. The rekindling of family ties. And tax concerns.

So if your heart is truly set on leaving Canada, whatever your reason, it’s best to start your preparations today.

And the first step on your journey is to educate yourself.

And the best way to educate yourself is to ask questions.

What is the proper exit strategy for departing Canada?

What are the no’s and the knows that you should be aware of when preparing to depart and then officially cutting your ties?

What is the Expatriation or Departure Tax?

These are just a few of the questions you should be considering as you pack your bags and boxes. Because, truthfully, there is much more to emigrating then just selling your possessions lock, stock and barrel and purchasing a plane ticket.

And that’s