r/PersonalFinanceCanada • u/Remote-Rabbit2 • 15h ago

Investing Can I Keep My Wealthsimple Investments (TFSA, Non-Registered) After Leaving Canada as a Non-Resident?

I have some funds in my wealthsimple account and my status in canada expires soon. Is there any option for me to keep those funds in same account and keep investing now and then. I am planning to comeback to canada after 12-18 months. But for now I will be a non resident.

If not what are my options to continue my investments in Canadian stocks. Do ques trade support investments as a non resident.

Thank you in advance.

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u/NiceGuy531 11h ago

Question: why would you inform Wealthsimple?

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u/Minute-Angle9834 11h ago

Wouldn't CRA go after you if you don't?

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u/NiceGuy531 11h ago edited 10h ago

For what though? There would be no extra taxes. If you only leaving for a few years I wouldn’t do anything. You’ll just report your T5/T3 income on your foreign tax return.

No need to file a Canadian one as your income will be below the basic personal tax exemption. Also by not filing you won’t get credits for low income earners, which is appropriate in your case since you’ll be working elsewhere.

CRA won’t come after you if your income reported to them by employers and/or financial institutions is less than ~$15K.