The Canadian expat is a person or family who has left Canada for work, study or pleasure and has returned home. They may have been away for years or just a few weeks. Some people return to Canada for a specific job or career move and for this reason, the decision often takes time and effort to get back on track when they arrive in their new home.

There are a lot of good reasons to move back to your home country, whether it is a career opportunity or simply a desire to be closer to friends and family members. The Canadian government offers many incentives to encourage this type of relocation and this makes Canada a very popular destination for expats returning home from abroad.

Retirement Planning for Canadian Expats: Ensuring Financial Stability Abroad

If you have a spouse or children and are planning on sponsoring them to become permanent residents when you move back then you should begin this process as close in advance of your target return date as possible. Sponsoring a spouse requires considerable work and time and it is very important to plan so that the visa process goes smoothly.

It is always a good idea to keep a bank account open in your former country of residence and to make sure you have all the paperwork showing that the money you will be transferring into Canada when you move back is coming from your overseas accounts, not your wages or other income sources. This will help you keep a clean record with the CRA (Canada Revenue Agency) when it comes time to file taxes.