How valid are CRA claim for secondary ties to Canada such as
1) Passport- Do you have a choice of not using Canada passport till you acquire other country citizenship especially your home country citizenship is cancelled when Canada citizenship was acquired?
2) Canada bank account- For Online payments for 25 % non residential tax, you have to have a bank account from one of the top 5 Canada banks. Why is CRA encouraging online payments when it does not allow Canada bank accounts to non residents?
3) Credit cards- Now credit card companies charge foreign transaction fee which means every time you use US credit card for maintaining rental property in Canada, you lose 3 % as a foreign transaction fee. To avoid such charge is a valid reason for keeping Canada credit card
4) Canada driver license- Most US car insurance companies require residing state license if you want to buy or transfer a car with to that DMV. Once you buy a car and use state driver license, Ontario state license is redundant for all practical purposes.
5) VOIP phone- When you move your modem with you, so moves your phone. When all north american calls are free, how does it matter whether phone number is US or Canada based?
How valid are CRA claims on secondary ties?
Moderator: Mark T Serbinski CA CPA
