Things to consider when becoming a snowbird

First, keep your Canadian resident status, then consider housing, banking and insurance issues.

Matthew Elder 9 October, 2015 | 5:00PM

Retirement is synonymous with lifestyle, and for many Canadians that means spending at least part of the winter in warmer climes, notably Florida, Arizona and other areas of the southern United States. Becoming a so-called snowbird requires a lot of planning in regard to taxes, medical coverage (both provincial medicare and private insurance), housing, banking and other issues.

Here's a brief rundown on what you need to consider before becoming a snowbird – in particular, how to ensure you are not legally considered a resident of the United States.

How to "fail" the Substantial Presence Test

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Matthew Elder

Matthew Elder  

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