the OAS clawback doesn’t apply for non-resident Canadians in about 40 countries. Unfortunately neither Thailand nor Cambodia is one of those nation. Some Canadians exit to Mexico first to establish non-residency and then permanently avoid the clawback.
Fair enough with regard to the Cambodia visa. I don’t think it’s at all necessary with DTV in place as you have many available options for border bounces and some (like Malaysia) offer 90 days entry each time for Canadian passports.
I’m retired federal govt, and still some years from CPP or OAS but look forward to it 😂. Enjoy 🇹🇭 and 🇰🇭!! Both fun
do you actually need to hold a Cambodian retirement visa as you are only visiting once every 6 months. You could also use Phu Quoc as your exit point. No visa is required for the island
yes - but your tax hit is coming regardless. I know it sucks, but Canadians often forget that the federal govt is part owner of our RRSP’s. And even as a non-resident, they get their share. There is no way to avoid. And you can recover part of that 30% at tax time if your income is not otherwise high this year.
You are planning a major retirement lifestyle improvement leaving Canada for Thailand. There is no better reason to cash in some RRSP’s.
Failing that, agents cost about 36,000 baht for the first 15 months and only 16k baht for annual renewals after that. And no need to bring the 800k x2 over to Thailand. Enjoy the transition! It’s 100% worth it!!