This is very interesting. I had no idea Europe was that strict (I guess I will not be getting a European passport at all, and just stick to Schengen 90 days stays). Tracking card spending is super extreme. I am using a South American passport, and no issues. So it looks to be a true tailor made solution for very specific cases. Again, it always comes down to research, and asking questions. That said, with this costly Pandemic, governments globally, are looking for revenue, and applying extra pressure to offshore centers. Panama is on the EU Black List, and I am frankly surprised why the BVI is not. Thanks for the heads up on the "card tracking" in Europe; I will stay a tourist
This is the latest. The BVI always narrowly escapes it!!! https://home.kpmg/xx/en/home/insights/2020/10/etf-435-eu-blacklist-update.html The Magic 12: American Samoa, Anguilla, Barbados, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, US Virgin Islands, Vanuatu. Like I mentioned earlier, because of the Pandemic, and the need for government revenue, I do not see this list shrinking. Btw, you brought back a long lost memory. It was around 2001, and I was in NYC, on a prop trading desk. I was reading the Wall Street Journal, and came upon an article where the US IRS was going to request various credit card companies, especially American Express, the records of non-US based cards, spending inside the USA, especially for extended periods of time. I looked at my co-worker in disbelief. Nothing ever came out of that. I tried to follow the story, but no more articles were ever written about the subject. Looks like Europe is ahead of the game. The US is at this stage: https://www.independent.co.uk/news/...-bans-anonymous-shell-companies-b1781380.html
Back to topic. OP read this: https://www.canada.ca/en/revenue-ag...-moved/determining-your-residency-status.html ....and this: https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/nr73/nr73-17e.pdf The most important thing to consider when determining your residency status in Canada for income tax purposes is whether or not you maintain, or you establish, residential ties with Canada. Significant residential ties to Canada include: a home in Canada a spouse or common-law partner in Canada dependants in Canada Secondary residential ties that may be relevant include: personal property in Canada, such as a car or furniture social ties in Canada, such as memberships in Canadian recreational or religious organizations economic ties in Canada, such as Canadian bank accounts or credit cards a Canadian driver's licence a Canadian passport health insurance with a Canadian province or territory To determine residence status, all of the relevant facts in each case must be considered, including residential ties with Canada and length of time, object, intent, and continuity while living inside and outside Canada. The information above is general in nature. For more information on your residential ties, see Income Tax Folio S5-F1-C1, Determining an Individual's Residence Status.