Snowbirds, are you planning any extended visits outside of Canada?
Be careful your annual leave doesn’t exceed 182 days, because it could impact your eligibility to collect child tax benefits, employment insurance and Old Age Security—all due to a new border exit-tracking system the federal government is rolling out as part of the ongoing Perimeter Security Pact. Future phases of this initiative, which began in 2011, will see Canada exchange names, date of birth and nationality/citizenship for all travellers at all common land ports of entry with the U.S.—with plans to start collecting exit records from those travelling by air, too. Once these provisions are enacted, Canada will be able to determine which travellers lose their status as residents. Go here for more information.
article courtesy of MoneySense.com