Author Topic: Canadian moving permanently to Australia  (Read 719 times)

jdrux

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Canadian moving permanently to Australia
« on: March 02, 2021, 11:12:28 PM »
I have just applied for Australian permanent residency. Planning to move with my Aussie wife and our child in about 2 years when my residency goes through. Do you know how that works for our Canadian investment accounts when living and working in Australia? I have been told that the government-registered accounts will freeze, as in we can't add any more to the accounts, but they can still continue to grow tax-free or tax-deferred.

Are there any tax implications in Australia for holding Canadian investment accounts? Does it make more sense to collapse these accounts and migrate them into a margin or non-registered account so we can continue to contribute with Australian income after the move?

Thanks for your advice.