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Originally Posted by HOWITZER
Bingo. I'm down in Ontario right now roaming around with AB plates on my car. So long as your permanent address remains constant there is no need to change the plates. In your case specifically, so long as it remains registered under the original owner in Manitoba, and he/she keeps a house/residence there then no change is needed!
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I don't know your exact situation, but you could be uninsured if you were in an accident. For example, if you keep your Alberta licence and insurance (plates) at your parents house, and say you live there, but actually live and work in Ontario, you won't be covered if you are in an accident. This would be insurance fraud. There are exceptions (in ON for school, etc.), but just because you register in one province, doesn't mean it's legal.
There are several instances where an owner of a Manitoba car can let you drive his car in Alberta under Manitoba insurance, but just keeping it and not telling anyone isn't one of them. You'd have to make sure your insurance would cover you in that situation. Yes, it might be more expensive, but you'd actually be covered if things went wrong. If not, you're basically driving around without insurance.