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Hello,
Currently, my husband and two children (nearly 14 and 9) are residents of California and are contemplating relocating to British Columbia.
We are homeowners and would want to remain homeowners if we can relocate to Canada.
Can you tell me what restrictions there are on relocation and what homes sell for, schools etc.
Thank you,
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David Ingram replies:
What an open ended question.
I will start by saying the Premier (your governor) of our province would not likely qualify to move to Canada today on his own. If he had a GREAT Job offer from a prominent company, he would likely make it but I do not believe that he would qualify as a new immigrant. Neither would I and that is because of age.
When one is over 50, it becomes hard. The age of your children implies under 50 but I am just turning 61 and have an 11 year old daughter and a 16 year old son at home.
Citizenship and Immigration Canada has a self-assessing questionnaire at: http://www.cic.gc.ca/english/skilled/assess/Education.asp
Fill this in and get back to me.
Since Christine Louw, http://www.christinelouw.com/ your realtor is active in this area, I would suggest that you talk to her about house prices.
Christine specializes in high end houses and for the benefit of my readers, if you wish to move to West Vancouver, Canada and want a house in the most expensive postal code in Canada, Christine is the lady to use for your $500,000 to $5,000,000 digs.
On the other hand, if you want to come up and buy
a $200,000 3 bedroom house, there are many within a 60 mile radius.
When you say California, the difference of moving from Mount Shasta to LA would be more of a culture shock than moving from Beverly Hills or Sausalito to West Vancouver.
I am expressing the Dollar Value in Canadian Dollars by the way. If you used a the current moving exchange rate, that $500,000 house is only $330,000 or so in American Dollars.
You can find a lot more about the differences between US and Canadian Tax by logging on to www.centa.com and checking the US/Canada Taxation button out. The Newsletters also contain lots of good information and if you only read one, make it the October, 1995 one which deals with the extra responsibilities of a US citizen living in Canada (you still have to file a US return for instance).
Hoping this helps a bit I remain
Yours truly
David Ingram of the CEN-TA Realty Group
US / Canada / Mexico tax and working Visa Specialists
US Canada Real Estate Taxation Specialists
108-100 Park Royal South
West Vancouver, BC, CANADA, V7T 1A2
(604) 913-9133 - Fax 913-9123 [email protected]
www.centa.com www.david-ingram.com
Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included."
Be ALERT, the world needs more "lerts"
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