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Master Ed · 06-11-2016, 07:33 PM

Hi!

Long time lurker. I'm consistently impressed by the breadth of knowledge on CP and require some advice.

I've recently been offered a job in Bermuda. I plan on making this a temporary move for one year. I'm wondering if anyone has any advice regarding becoming a non-resident of Canada during the year that I'm away so that my Bermuda income is not subject to Canadian income tax. My contract in Bermuda would run from September 2016-August 2017.

I own a home and basically my life is in Calgary. However, I've found a tenant to take on a 12 month lease while I'm away. Any advice on my car, possessions, bank accounts, RRSPs, insurance, etc.?

Any thoughts on how the CRA sees a temporary move on the impact of my residency?

Thanks in advance!

06-11-2016, 07:33 PM	#1
Master Ed Draft Pick Join Date: May 2016	Tax Implications for Living Overseas Hi! Long time lurker. I'm consistently impressed by the breadth of knowledge on CP and require some advice. I've recently been offered a job in Bermuda. I plan on making this a temporary move for one year. I'm wondering if anyone has any advice regarding becoming a non-resident of Canada during the year that I'm away so that my Bermuda income is not subject to Canadian income tax. My contract in Bermuda would run from September 2016-August 2017. I own a home and basically my life is in Calgary. However, I've found a tenant to take on a 12 month lease while I'm away. Any advice on my car, possessions, bank accounts, RRSPs, insurance, etc.? Any thoughts on how the CRA sees a temporary move on the impact of my residency? Thanks in advance!