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Toby, out of curiosity...if one holds property/stocks/etc. before entering Canada, what base is used to calculate capital gains, original price paid at purchase time or fair/actual value on official entry date?

Leon, thanks a lot...no need to struggle with canadian tax system, better keep it simple and rent a condo for the months we intend to stay..I guess if it's short term lease contract and stay max. 120 days/year wont be considered deemed resident....cheers!

Thanks Leon, do you know if as "deemed resident" we are obligation to declare and pay taxes on our worldwide income even if we spend 120 days/year in Canada? We dont intend to work or conduct any business in Canada. Thanks.

Hi There, say wife & me buy a condo in Toronto to spend 4 months/year (May-June / Aug-Sep) wont need Canadian driver's license, or credit card, but yes a cable, internet, phone number & mobile phones in our name. Condo wont be rented during our absence, we'll leave stuff there. Could we be...