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My question is: Canadian-specific
QUESTION: Really enjoy your site, very informative.
I am a 53 yo CDN/US citizen with 3 dual children under 18. I am currently sponsoring my 69 yo husband thru family class, just starting.
Our net worth is apprx. 1.75m US.
Since my husband is retired he will not seek employment in Canada. Our assests will remain in US and we will have our distributions made not to enter the 47% tax bracket. I don't know where I could find the answer to the following question.
My question is will my husband have a problem with aquiring residence due to his age. I know our tax burden will be higher but I guess that is the price we have to pay to be closer to family.
Our son is applying to U of Ottawa and McMaster and the cost of Canadian education is signifigantly less than it would be here.That alone might off set the tax burden.
Thank you for your reply
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david ingram replies:
The answer is that your husband should not have any trouble because of age.
And, you are correct that the University education will be much less in Canada.
If you bring your assets across properly, you should be able to adjust your incomes enough that you do not even lose the benefit of the joint tax return.
The big advantage in the US is the ability to pool incomes through the filing of a joint tax return.
When you come back, his income is his and yours is yours.
Your assets sound high enough that you should be able to end up with a paid for house And the investment income in your name and the pension income in his.
In other words and to put it simply, if you are coming from a community property state, everything you have is 50/50.
In Canada (as an example) if hubby bought a $500,000 house in his name only with his half and you put your half into investments and he loaned you any difference, you can increase your income significantly while lowering his.
I presume you are going to Ontario from the two University applications.
You need to sit down (could be by phone) with someone who understands the rules BEFORE you cross that border.
Just in case, I am including most of the items you will need to sponsor him.
You can start the process by going to:
1. http://www.cic.gc.ca/english/pdf/kits/guides/3910e.pdf
This is a guide for sponsoring a US citizen spouse into Canada.
Publication 3910E
2. http://www.cic.gc.ca/english/pdf/kits/forms/IMM1344EA.pdf
This is the application form to sponsor - form IMM-1344A
3. http://www.cic.gc.ca/english/pdf/kits/forms/IMM1344EB.pdf
This is the sponsorship agreement - Form IMM-1344B
4. http://www.cic.gc.ca/english/pdf/kits/forms/IMM5481E.PDF
This is the Sponsorship Evaluation Form IMM-5481
5. http://www.cic.gc.ca/english/pdf/kits/forms/IMM5409E.PDF
This is a statutory declaration of a common-law marriage - FORM IMM-5409
6. http://www.cic.gc.ca/english/pdf/kits/forms/IMM5540E.PDF
This is the Sponsor Questionnaire - Form IMM-5540
7. http://www.cic.gc.ca/english/pdf/kits/forms/IMM5540E.PDF
This is an authority to release information - FORM IMM-5540
8. http://www.cic.gc.ca/english/pdf/kits/forms/IMM5491E.PDF
This is a document Checklist - Form IMM-5491
9. http://www.canadapost.ca/tools/docp/CIC/bin/hpm-e.asp
This is where you order your official receipt
10. http://www.cic.gc.ca/english/pdf/kits/forms/imm0008egen.pdf
This is your actual Application for Permanent Residence - FORM IMM-0008GEN
11. http://www.cic.gc.ca/english/pdf/kits/forms/imm0008_1e.pdf
This is your Background Declaration - FORM IMM-008_1
12. http://www.cic.gc.ca/english/pdf/kits/forms/IMM5406E.PDF
This is your additional family information - FORM IMM-5406
13. http://www.cic.gc.ca/english/pdf/kits/forms/IMM5490E.PDF
This is your spouse or conjugal partner questionnaire -= FORM IMM-5490
14. The Above PLUS a police report from your local police station (See the guide for details) applies to those being sponsored from the UNITED STATES. There is a separate brochure for every country. If you are reading this and are from any other country (Australia, Brunei, Austria, Venezuela, etc) goto
15 http://www.cic.gc.ca/english/applications/fc.html for other country guides.
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Answers to this and other similar questions can be obtained free on Air every Sunday morning.
Every Sunday at 9:00 AM on 600AM in Vancouver, Fred Snyder of Cartier Partners and I will be hosting an INFOMERCIAL but LIVE talk show called "ITS YOUR MONEY"
Those outside of the Lower Mainland will be able to listen on the internet at
www.600AM.com
Local phone calls to (604) 280-0600 - There is a provincial long distance line as well and old shows are archived at the site.
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