H and I are planning on doing a lot of travelling and I'd like to get some info/widsom/tips from Canadians who have travelled and subsequently settled abroad. We are jetting off in about 3.5 years to take a trip around the world (starting in France ending in Brazil) and we estimate "exploring" for approx. 3 yrs. Afterwards we're really hoping to not come back to Canada (but if we must, we must eh).
I think the thing I'm most concerned about it taxation. If we do make any money while we're "exploring" it will be from writing (we're both writers) and according to the CRA's bunk-as-hell tax laws we will have to file both in Canada and in the whatever country we actually make the money in (since we will not have established residency in another country). And yet double taxation is illegal...can anyone dumb things down for me or is there a piece of this puzzle that I'm missing? I swear, taxation alone scares me more than work permits, visas and the fear of running out of money put together. I do not want make the tax man angry. Has anyone gone away for an extended period of time and filed when they returned? I don't want to pay a boat load in taxes to Canada and wind up never going back and having to fight tooth and nail to get my money back (because if we do establish residency in another country it "takes effect" the day we left Canada, not the day we took up residency and therefore no taxes would have ever been owed). I don't want to pay a few years worth of taxes if I don't have to. I think writing this paragraph gave me a headache. The lady from CRA that I talked to wasn't exactly friendly. Apparently "that's the risk you take when you choose to live a certain way".