FSW WORLDWIDE

[Arod]

I don't think Aus people are trying to move to Canada, which is becoming a sh*t hole. Aus is better in every way except for the proximity to the US.

Mehhh, grass isn't always greener on the other side.

Australia seems too isolated, especially if your family lives in the Americas and most of Europe. Some people say the weather is better, but that is subjective, not everyone wants to live with the heat and all those bugs down there. Actually millions of people hate the heat.

I can't imagine myself spending Christmas when it's almost 40 degrees Celsius outside.

It's a good country for sure, but I'll take Canada any day. It's like the US but with better K-12 schools, safer cities and without the division, crazy politics, bigoted evangelicals and the daily mass shootings.

 

[Hopeful007]

This will not matter if people decide to leave without getting the citizenship just like me.

Btw, anyone here knows how to inform CRA about non-resident status? Looks like you cannot just up and leave and informing CRA that you are leaving is the most important thing.

You can just call general inquiries line and tell them the date you moved out. Informing is easy, harder part is the tax implications. You will start paying taxes if you have TFSA or other registered accounts. You also pay taxes on capital gains and need to file taxes next year for the income earned this year. If you received any benefits like CCB after moving out, you would need to pay those back. There could be more that I am missing or may have made a mistake.

 

[seadrag0n]

You can just call general inquiries line and tell them the date you moved out. Informing is easy, harder part is the tax implications. You will start paying taxes if you have TFSA or other registered accounts. You also pay taxes on capital gains and need to file taxes next year for the income earned this year. If you received any benefits like CCB after moving out, you would need to pay those back. There could be more that I am missing or may have made a mistake.

Calling is enough? When I looked online, there is a form called NR73 that shows up, not sure how to submit it after leaving.

 

[Hopeful007]

Calling is enough? When I looked online, there is a form called NR73 that shows up, not sure how to submit it after leaving.

Calling should be enough if you completely cut ties with Canada. Look through the form, if you still have significant ties and so on, they might argue that you are still a tax resident of Canada and need to pay income tax to Canada, in which case you would need to prove that you paid taxes abroad to get them to waive taxes because it would be double taxation.

 

[Hopeful007]

Socialist policies play some role, but based on my reading, it's because of very low competition with oligopolies in all sectors, which means they don't do capital, R&D investing, and high immigration of course.

 

[imransyed]

This will not matter if people decide to leave without getting the citizenship just like me.

Second this. Max I can accept is 4 years like it used to be. Anything more than that and for a salaried not IT person, I believe it'd be financial suicide especially if the house prices don't come down.

I'm already leaving, if this happens I won't bother coming back unless my home country's political situation demands it.

 

[Impatient Dankaroo]

Second this. Max I can accept is 4 years like it used to be. Anything more than that and for a salaried not IT person, I believe it'd be financial suicide especially if the house prices don't come down.

I'm already leaving, if this happens I won't bother coming back unless my home country's political situation demands it.

Sorry to burst your bubble but prices aren't ever coming down mate. The Canadian economy is built on real estate appreciation. The question is how fast it will rise not if it will decrease. The federal govt. ministers have explicit stated they will not cause a decrease in house prices. What they are trying to do is get people locked in for 40-50 year mortgages at monthly payments of 70% your net income. The Banks are in on this scam by extending amortization and so is the Bank of Canada by not increasing rates further. Either get your income up faster than the rate of real estate appreciation or you'll never afford a house.

 

[seadrag0n]

Sorry to burst your bubble but prices aren't ever coming down mate. The Canadian economy is built on real estate appreciation. The question is how fast it will rise not if it will decrease. The federal govt. ministers have explicit stated they will not cause a decrease in house prices. What they are trying to do is get people locked in for 40-50 year mortgages at monthly payments of 70% your net income. The Banks are in on this scam by extending amortization and so is the Bank of Canada by not increasing rates further. Either get your income up faster than the rate of real estate appreciation or you'll never afford a house.

Buying a house in Canada is a scam anyway. What they are saying in the news is that even rents will not come down to pre-pandemic levels which means a 1BR will be minimum 2300+ (it's going for 2600 - 2800 where I live) even if the interest rates come down which is completely unaffordable for new immigrants.

 

[YNWA]

Post ITA guidance required:

Statutory question: had any serious disease or physical or mental disorder? (required)?
What comes under serious one?

If there was an operation 15 years ago for pericarditis ( inflammatory fluid around lining of Heart) and operation to drain fluid was successful and it required no further medicines or any further checkup since the last 15 years.


Do we need to answer Yes or No.

 

[GandiBaat]

Post ITA guidance required:

Statutory question: had any serious disease or physical or mental disorder? (required)?
What comes under serious one?

If there was an operation 15 years ago for pericarditis ( inflammatory fluid around lining of Heart) and operation to drain fluid was successful and it required no further medicines or any further checkup since the last 15 years.


Do we need to answer Yes or No.

Congrats! You have just found an un-explained part of Canadian immigration. No where in the law they explain what "serious" is. People put no in it mostly. A yes almost always results in a PFL. That being said, PFL can always be answer. Putting "Yes" can somewhat delay your application, cost you a bit more. Is it necessary? I do not know. Few legal folks whom I have talked to have said the same. What is serious? Unclear.

Some folks err on the side of "caution" and put yes for a number of now mitigated medical situations. Others no. I have seen both doing okay. I have not seen anyone being challenged of misrep based on this one question alone. I also do not know if there are any court cases in which this question or its answer has been challenged in court of law. Not to say they do not exist, but they are not common atleast.

Sorry, I wish I had a more straight forward answer.

PS: I am not a lawyer neither this is legal advice.

 

[vikramnaik14]

Buying a house in Canada is a scam anyway. What they are saying in the news is that even rents will not come down to pre-pandemic levels which means a 1BR will be minimum 2300+ (it's going for 2600 - 2800 where I live) even if the interest rates come down which is completely unaffordable for new immigrants.

It is true; unless you have saved a considerable amount of money or plan to raise it by selling existing assets before landing in Canada you stand no chance of buying a condo or even an apartment, especially if you plan to be in any of the big cities (GTA, Van). Even places like Calgary and Montreal are getting expensive. Rental situation is also terrible; if you don't have a stable job or credit history getting a decent apartment is difficult, unless you go through local contacts or networks. Besides this, your saving capacity is also restricted by ridiculous grocery prices, sky high data plans, etc! Everything in Canada is much more expensive than you think

 

[shockr]

Been lurking for a while now.

I finally got my BCS completed since 2021, since I failed the final project which caused some delays. With that out of the way, my CRS score has gone up from 382 to 435, and I'm currently trying to pick up with my French studies again. I got all the way up to B2 in January of this year, but life got in the way and I'm starting to struggle to remember things. Hoping to get it done sooner rather than later.

Wish me luck!

 

[iSaidGoodDay]

Been lurking for a while now.

I finally got my BCS completed since 2021, since I failed the final project which caused some delays. With that out of the way, my CRS score has gone up from 382 to 435, and I'm currently trying to pick up with my French studies again. I got all the way up to B2 in January of this year, but life got in the way and I'm starting to struggle to remember things. Hoping to get it done sooner rather than later.

Wish me luck!

Best of luck!

 

[wonderbly]

Been lurking for a while now.

I finally got my BCS completed since 2021, since I failed the final project which caused some delays. With that out of the way, my CRS score has gone up from 382 to 435, and I'm currently trying to pick up with my French studies again. I got all the way up to B2 in January of this year, but life got in the way and I'm starting to struggle to remember things. Hoping to get it done sooner rather than later.

Wish me luck!

Bravo et bonne chance!

 

[Lord_Tony]

Good Luck