@calmmoneycoach: Coming Home to Canada: the decisions expire when you land $330,000 waiting for you at the border. $7,000 a year you already lost. Neither one is a decision. If you left Canada and you're coming back, section 128.1(1) hands you a free reset on the cost base of almost everything you own abroad. On this couple that's $330,000 of gain Canada never sees. It's automatic. You don't apply for it. OAS runs the other way. 1/40th of the full pension for each year you lived in Canada after 18, and the years abroad count for nothing. He lands on 27/40. She came to Canada later, so she's on 22/40. About $7,000 a year off the household, for life. That was decided years ago too. So here's the actual point. The things that move money on the way home are all on the far side of the border, and they expire the day you land. What the country you're leaving charges on the way out. Whether the foreign house sells before or after. Whether you're sitting on a loss, because the reset deletes those the same way it deletes gains. Which province you fly into, since 8 of the 13 cover you from day 1 and 3 make you wait 3 months however you arrive. Fix the landing date after all of that. Not before. It's the one decision that can't go first, and it's usually the one already booked. Calculator's in Circle. 13 provinces and territories, 48 countries of origin, and it puts your own order together. Not advice. Get a cross border accountant who has done a returning resident, not a newcomer.

Brian | Calm Money Coach

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Thursday 10 September 2026 20:44:11 GMT