The Tax Preparation Blog

Question: Canadian Travelling overseas?

I am planning a trip to Australia and New Zealand, and other parts of the South Pacific. This is going to be a long trip perhaps a year. How does this affect my residence status as a Canadian? I am on a pension income which is low; therefore I am not paying income tax now. I am planning to rent a studio apartment or In-Law-Suite in Alberta. Do I have to return back to Alberta after 5 months, and for how long a period do I have to stay, before I can travel again? I appreciate any information provide, thank you.

Answer: This would affect your residency status within Canada.

Residency is determined by the province in which you reside. In Alberta, the restrictions for being considered an Alberta resident (and therefore able to retain your Alberta Health Care, etc) is that you reside in Alberta for at least six months in a year. This means not just owning property, but physically being present. Obviously you can raise questions about who would know if you are not in the province the whole time, but that is the official regulation.

The residency would not affect your CPP (presuming you are receiving this as part of your pension) as CPP is not limited to Canadian residents so long as you qualify to receive payments. Although you do not necessarily need a Canadian bank to receive CPP, just retain your Canadian bank account and there will be no problems with this.

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