Cayman Island pension to be received by a Victoria, BC,

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QUESTION:
I have been living in the Cayman Islands for 3 years as a non resident of
canada.
am moving back march 31, 2004 and will be mailed my cayman pension refund
once i arrive in canada as that is the cayman policy it will be in US
dollars. this money was earned while a non resident of canada but once i
become a resident again is when i am  actually receiving the money via mail
( check probably)  What are my tax implications. also do you have a victoria
office or if i use you for tax help from victoria we could courier i guess.
thanks AXXXXXXXXXX
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david ingram replies:
Our danger is not the Cayman Island Pension.  If you were truly a non-resident, it will not be taxable in Canada as it represents money earned out of the country.
However, you might want to deposit in the US so that it never does come directly into Canada and avoid banking questions.  An MV Cohoe ride to Port Angeles would solve that problem.  Note that I am not suggesting anything even remotely illegal.  I am only suggesting it so that the Canadian Banking system does not trigger a question mark which you end up having to explain.
The danger is that the CCRA will try and make you a retroactive resident because you kept a car or credit cards or a driver;s licence back in Canada.
Goto www.centa.com and read the US/Canada taxation section and read the Dennis Lee Case and Judge Teskey's ruling.  In this case, Judge Teskey ruled that Dennis Lee, a Brit, was taxable even though he was not allowed into Canada but wanted to come and had married a Canadian.  (read it for the juicy details).
We can look after you by fax, phone, email, snailmail or courier.
David Ingram's US/Canada Services
US / Canada / Mexico tax and working Visa Specialists
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West Vancouver,  BC, CANADA, V7T 1A2
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[email protected]
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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 & the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent financial, or real estate planner or advisor & appropriately qualified legal practitioner, tax or immigration specialist in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included."
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