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Move back to UK or stay in Canada?

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Old Jun 24th 2021 | 10:46 am
  #16  
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Default Re: Move back to UK or stay in Canada?

Originally Posted by John_B
I seem to remember you can only bring your net worth into Canada tax free one time only. So if we decided to move back again, we might have a hefty tax bill. We also just don't want to go through the whole thing again. But we are all Canadian citizens, so that will always be an option.

I like your outlook on you only live once. That's also a big factor for us, or at least myself. Moving would be another adventure too.

The way I see it is as long as we are together as a family, we will always be home. Wherever that happens to be.
Ummm no.

However, you may have a tax bill on leaving Canada!
https://www.canada.ca/en/revenue-age...-property.html
https://www.canada.ca/en/revenue-age...emigrants.html
When you leave Canada, you are considered to have sold certain types of property (even if you have not sold them) at their fair market value (FMV) and to have immediately reacquired them for the same amount. This is called a deemed disposition and you may have to report a capital gain (also known as departure tax).

Your property could include the following: shares, jewelry, paintings, or a collection.

For more information, go to Dispositions of property.
If you return after leaving: https://www.canada.ca/en/revenue-age...ReturnToCanada
 
Old Jun 24th 2021 | 11:47 am
  #17  
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Partially discharged
before you know it you're drinking a Tim Horton's double double after getting it in a drive thru lineup in your Suburban SUV and you say to yourself, 'hey, I've arrived, this is nirvana'.
That is some weird thing to think of anyone, wow.
 
Old Jun 24th 2021 | 12:14 pm
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Default Re: Move back to UK or stay in Canada?

Originally Posted by dbd33
That is some weird thing to think of anyone, wow.
The mind works in crazy ways at times. I have met some brits here who love that world.
 
Old Jun 24th 2021 | 6:54 pm
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Moses2013
Some people hate [Canada], some people hate [the UK], some people never settle and others have the tools to make it work anywhere.
A little OT, but I was quite struck by this sentence. It's a truth that often gets lost in BE debates over threads that amount to "should I move or not / should I move back or not", even very earnest and well-meaning ones.

(I added the brackets around the country names, because nearly any pair of countries could be relevant to the overall sentiment.)
 
Old Jun 24th 2021 | 6:59 pm
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Partially discharged
Make sure that you only go to shops for locals. We'll have no trouble here.

All kidding aside, the UK is not the same place as it was in 2005 when you left. I have been back in 2016 and 2006 and then probably once a year for some reason all the way back to 1981 and people move on, life moves on, towns/people change and before you know it you're drinking a Tim Horton's double double after getting it in a drive thru lineup in your Suburban SUV and you say to yourself, 'hey, I've arrived, this is nirvana'. If that is something you can identify you won't like the Home Counties anymore and the GTA is for you.
Call it globalization. I'm sure you could still live the dream and hardly any country is the same places as it was in 2005.



We don't have a Canadian version but you'll even find the American one: I've even seen farmers stop with their Subaru Pickups, although I personally prefer the other coffee brands at smaller filling stations

 
Old Jun 24th 2021 | 11:31 pm
  #21  
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Moses2013
Call it globalization. I'm sure you could still live the dream and hardly any country is the same places as it was in 2005.



We don't have a Canadian version but you'll even find the American one: I've even seen farmers stop with their Subaru Pickups, although I personally prefer the other coffee brands at smaller filling stations

There is a difference between anglophone former colonies! In Canada it's rare to see a Subaru pick up. The one sold in the US, the Brat, had rearward facing seats in the bed that weren't legal for use in Canada. Relatively few people bought the trucks and pulled the seats out. Now Subaru don't sell new pick ups in North America at all.
 
Old Jun 24th 2021 | 11:32 pm
  #22  
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Moses2013
Call it globalization. I'm sure you could still live the dream and hardly any country is the same places as it was in 2005.



We don't have a Canadian version but you'll even find the American one: I've even seen farmers stop with their Subaru Pickups, although I personally prefer the other coffee brands at smaller filling stations

There is a difference between the anglophone countries! In Canada it's rare to see a Subaru pick up. The one sold in the US, the Brat, had rearward facing seats in the bed that weren't legal for use in Canada. Relatively few people bought the trucks and pulled the seats out. Now Subaru don't sell new pick ups in North America at all.
 
Old Jun 25th 2021 | 1:13 am
  #23  
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Partially discharged
Make sure that you only go to shops for locals. We'll have no trouble here.

All kidding aside, the UK is not the same place as it was in 2005 when you left. I have been back in 2016 and 2006 and then probably once a year for some reason all the way back to 1981 and people move on, life moves on, towns/people change and before you know it you're drinking a Tim Horton's double double after getting it in a drive thru lineup in your Suburban SUV and you say to yourself, 'hey, I've arrived, this is nirvana'. If that is something you can identify you won't like the Home Counties anymore and the GTA is for you.
That's never really been me. I rarely go to Tim's these days.

I was last in the UK in January 2020, just before the lock down. Prior to that we went as a family in 2018. We try to get back ever 2 years or so to visit family and friends. I'm a keen cyclist and one of the things I noticed when I was there in January was how many cyclists were out there. Over here we pretty much shut down between November to May. We get out on the odd day when the whether permits, but mostly we are in our basements. I've always found the winters quite prohibitive here. I know people will say you can go skiing etc., but that's expensive and usually requires a death defying car ride up the 400.
 
Old Jun 25th 2021 | 1:17 am
  #24  
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Default Re: Move back to UK or stay in Canada?

Originally Posted by abner
A little OT, but I was quite struck by this sentence. It's a truth that often gets lost in BE debates over threads that amount to "should I move or not / should I move back or not", even very earnest and well-meaning ones.
It's like Father Ted. Biscuit or Cake? You want both, but can only have one. It's often difficult to choose. Cake though, obviously.
 
Old Jun 25th 2021 | 4:35 am
  #25  
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Default Re: Move back to UK or stay in Canada?

Deciding whether to remain in Canada or return to the UK.. difficult decision! ... what draws you to the UK and away from Canada? Your kids have grown up in Canada, they may suffer from a degree of culture shock..https://britishexpats.com/wiki/Culture_Shock-Canada - and perhaps a degree of alienation by locals in the UK due to their different accent and language differences

 
Old Jun 25th 2021 | 4:57 am
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Siouxie
Deciding whether to remain in Canada or return to the UK.. difficult decision! ... what draws you to the UK and away from Canada? Your kids have grown up in Canada, they may suffer from a degree of culture shock..https://britishexpats.com/wiki/Culture_Shock-Canada - and perhaps a degree of alienation by locals in the UK due to their different accent and language differences
But didn't most people on here grow up in a different country and move abroad? In other threads it's always mentioned that moving abroad will help kids broaden their horizon. Apart from our personal views, maybe the house sale in Canada alone makes up for everything else.
 
Old Jun 25th 2021 | 11:46 am
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Moses2013
But didn't most people on here grow up in a different country and move abroad? In other threads it's always mentioned that moving abroad will help kids broaden their horizon. Apart from our personal views, maybe the house sale in Canada alone makes up for everything else.
With teenagers it can be far more difficult to relocate.. it's often suggested that the younger the children are, the easier the transition.. it works the other way (i.e returning to the UK) too!
https://britishexpats.com/wiki/Psych...ocation-Canada
The parents are 'going home' - so it's a little different ..



 
Old Jun 26th 2021 | 7:30 am
  #28  
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Default Re: Move back to UK or stay in Canada?

Originally Posted by abner
A little OT, but I was quite struck by this sentence. It's a truth that often gets lost in BE debates over threads that amount to "should I move or not / should I move back or not", even very earnest and well-meaning ones.

(I added the brackets around the country names, because nearly any pair of countries could be relevant to the overall sentiment.)
+1. Very true quote. I'm borrowing it to put in my signature.
 
Old Jun 26th 2021 | 12:33 pm
  #29  
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Default Re: Move back to UK or stay in Canada?

Originally Posted by Gozit
+1. Very true quote. I'm borrowing it to put in my signature.
""Some people hate [Canada], some people hate [the UK], some people never settle and others have the tools to make it work anywhere.""

and some people don't appreciate what they have
 
Old Jun 26th 2021 | 1:02 pm
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Default Re: Move back to UK or stay in Canada?

Can you get these tools at Canadian Tire or Home Depot?
 


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