Hello everyone,
I am an EU citizen living in Canada (also a Canadian citizen). I never lived in EU before.
We want to move to Portugal for a year (including sending our kids to an international school in Portugal) and "testing" the life in Portugal before we make a permanent decision on whether we want to move there or not.
We've been to Portugal before and really enjoyed it, though it was short term, as tourists.
What I don't want is to become a tax resident in Portugal for that "short" 1 year stay because that will have tax consequences for us here in Canada. In Canada we will become deemed non-residents and will be considered as if we left Canada permanently and disposed of all the assets at market value. Something I realize will have to be done eventually if we decide to permanently move, but I will need more careful planning for this and will need more time.
If it helps, we plan on moving around August 2022 and leave Portugal in July 2023. I've been reading on tax residency rules in Portugal and to my understanding if I spend 183 days in Portugal in any consecutive 12 months then I would be considered a tax resident in Portugal.
Any ideas if this would be at all possible?
Thank you for reading my post.