Opening bank account in soft landing?

[Citizenoftheworld]

Don't worry, none of this is an issue or any form of misrepresentation. You'll be fine.

Also, as soon as CBSA signed your CoPR you became a PR. And that means that you have rights in Canada - including the right to live anywhere you like.

Thank you for the reassurance, i was just worried that me not volunteering that iam soft landing and me not mentioning the days of visit will be misrepresentation when i apply for citizenship specially that the systems are all linked.

 

[Citizenoftheworld]

Unlikely. If you read the "Deemed Resident" rules here - https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/determining-your-residency-status.html

It says that "bank accounts" is a secondary tie that may be relevant. If the ONLY tie you have to Canada is a bank account that you never even used, it's hard to see how that could make you a deemed resident.

Of course, I'm not a tax lawyer, so keep that in mind.

Hey 21Goose, I phoned up the bank and it seems like my account information says that I am a tax resident of Canada, I am really anxious now does that mean they report it to the CRA or its just information on my profile?

 

[21Goose]

Hey 21Goose, I phoned up the bank and it seems like my account information says that I am a tax resident of Canada, I am really anxious now does that mean they report it to the CRA or its just information on my profile?

Sorry, I can't really give you concrete information that I can stand behind 100%. If you're this worried, you should talk to a professional (tax lawyer, CPA, etc) because everyone's individual circumstances are different.

 

[Molelaner]

What do I need to manage my bank account?

 

[canuck78]

What do I need to manage my bank account?

Would not open any accounts if you are only doing a soft landing. You want to minimize any ties to Canada until you move to Canada permanently to ensure you are not a tax resident.

 

[Molelaner]

What do I need to manage my bank account?

Of course, you can, but you will need to discuss all details with a bank employee. But most likely, he will give you approval because I also often flew to Germany but did not live there. And the process of creating a bank account for me was delayed for 1.5 years. Subsequently, everything went smoothly, and now I keep money exclusively in a German and Swiss bank. I also use applications that allow you to monitor your expenses only in German, not in Canadian. Although, I do not in any way condemn people who keep their money in Canadian banks. I don't trust them, that's all.
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