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Get Canadian Fiscal Residence

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dannyontheroad

Member
Jun 11, 2013
12
0
Hello Everyone,

a simple question.

I'm a foreigner planning to spend a long period in Canada (as a visitor, at least initially), and wish to change my fiscal residence, getting the Canadian one, to facilitate my Canadian life (home rent payments, bank account, internet banking, etc.).

Is that possible?

Is there a minimum net worth to show as a proof of funds to get *fiscal* residence?
 
There is no such thing as fiscal residence (i.e. it is not possible to get Canadian residency purely based on your net worth / assets).

If you want to obtain Canadian residency (permanent residency), then you will have to apply and qualify through one of the programs listed in the link below:

http://www.cic.gc.ca/english/immigrate/apply.asp

The closest programs are likely the Federal investor and entrepreneur programs. However both stopped accepting applications sometime last year and are on an indefinite pause.
 
Hi scylla and thanks for your answer!

For *fiscal* residence I meant that, since I'm gonna live in Canada (even as a Visitor) for some time, I'd like to pay Canadian taxes instead of my country ones.

I manage an activity granting me remarkable profit. Is there no way to pay my income taxes to CRA? ^^
 
To pay Canadian income tax, you must have a status in Canada that allows you to "live" in Canada (i.e. reside in Canada). Visitors are not allowed to live/reside in Canada - they are only allowed to visit. As a visitor, you'll likely be allowed into Canada for six months. You'll then have to extend your visit either by applying from within Canada or leaving and then re-entering the country. Whether either of these options works is anyone's guess. And once you start spending more time in Canada than outside of Canada, you risk being refused for not behaving as a visitor and trying to live/reside in Canada.

From a temporary status perspective, you'd need to be on a work permit or a study permit or something along those lines to become a tax resident of Canada. Both of these temporary permits allow people to live/reside in Canada.
 
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