MOVING BACK TO CANADA - GOOD INFO.

[shibuya]

http://www.kurucz.ca/expatrepat/index.html

[SATDXB]

http://www.kurucz.ca/expatrepat/index.html

Excellent piece of info..

Thanks for sharing dear..



Cheers..

[steaky]

Good information but some points I don't agree/further comments:
1) Buy residence ahead of time:
Rent it out for 6 months or a year before you arrive - You could be subject to deemed diposition and incur capital gain tax for moving in to your previous investment suite.  You don't have to buy house in December or January.  Some new housing offers presales (1 month up to several years to its completion) - You can buy those during the presales stage and move in when it is nearly completed or you can take possession.  Advantage: You would have a mailing address after completion where you have a place to send your household goods, place for family to land when arrive.

2) Prepare your finances
With a property and mortgage in Canada, you will have credit history running (until you pay off regardless you are resident or non-resident of Canada) and you would be qualify for further mortgage for future properties as well as line of credit/auto financing.



 

[shibuya]

May be some part is beneficial.