Before you make any decisions regarding residency for tax purposes, understand the combined effects of tax laws of Canada and your future country of residence.
Once you become a non-resident of Canada, any income you receive from a Canadian source maybe subject to Canadian withholding taxes. Canada has international tax treaties with over 60 countries to prevent double taxation and to give beneficial treatment to certain types of income received from Canada, such as retirement and pension benefits. The tax savings provided by an international tax treaty can have a huge impact on retired individuals who have large Canadian pension plan and RRSP balances. Before you select a country to emigrate to, ensure they have a tax treaty with Canada that fairly treats any future income you receive from Canadian sources.
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