Quote:
Originally Posted by spicytuna
Not sure if there are any... but here it goes.
If I happen to move to Japan for a year or more, do I lose my Canadian resident status? I know the definition is broad but I don't intend on severing ties. ie. I'll continue to keep a permanent address in Toronto, maintain my driving license, etc.
If I do maintain my Canadian resident status, what happens to my capital gains? Are they taxed normally? Or do I lose my personal tax exemption? For argument purposes, lets say that my gains will exceed the minimum taxable income.
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If you go to Japan for a year or more you will lose your citizenship and be banned from ever entering again.