You are indeed raising some valid points. Indeed I cannot not provide legal advice to others, but I am simply sharing my experience. I would like to clarify a couple of things though:
1. I left Canada back in the late 90s and while I regularly travel back and forth (usually a few times per year for a week at a go), other than a Canadian passport, I do not hold any other Canadian documents,︀ nor do I own any property there. I do have family ties, but my immediate︁ family (wife/kids are Belgian)
2. I am not conducting any business in Canada - I︂ just have a registered LP in Canada. The business activities is conducted outside of Canadian︃ borders and it does not trade in any Canadian listed securities
3. I don't hold︄ any Canadian Bank Account, but the bank account is fully under the name of the︅ LP
4. I don't have any OHIP Card anymore and my SIN card has not︆ been used in over 20 years. I don't even have any Canadian credit cards.
As for the ease of opening a bank account due to local connections - I don't︇ know. I just went into a random BMO branch in the outskirts of Toronto (where︈ there is a high immigrant population) and opened an account using my Belgian papers, but︉ not knowing anybody working in that branch. I think the branch was familiar in opening︊ accounts for non-residents/foreigners and thus I found no issues in opening my LP account.
Although my Canadian passport was never used during this whole set up I cannot say for︋ sure whether one could do this entirely with a foreign passport. I personally believe it︌ is possible, as I only used my Belgian ID at the bank, but I cannot︍ say for sure that this could work for everybody.
Hope this clarifies!
1. I left Canada back in the late 90s and while I regularly travel back and forth (usually a few times per year for a week at a go), other than a Canadian passport, I do not hold any other Canadian documents,︀ nor do I own any property there. I do have family ties, but my immediate︁ family (wife/kids are Belgian)
2. I am not conducting any business in Canada - I︂ just have a registered LP in Canada. The business activities is conducted outside of Canadian︃ borders and it does not trade in any Canadian listed securities
3. I don't hold︄ any Canadian Bank Account, but the bank account is fully under the name of the︅ LP
4. I don't have any OHIP Card anymore and my SIN card has not︆ been used in over 20 years. I don't even have any Canadian credit cards.
As for the ease of opening a bank account due to local connections - I don't︇ know. I just went into a random BMO branch in the outskirts of Toronto (where︈ there is a high immigrant population) and opened an account using my Belgian papers, but︉ not knowing anybody working in that branch. I think the branch was familiar in opening︊ accounts for non-residents/foreigners and thus I found no issues in opening my LP account.
Although my Canadian passport was never used during this whole set up I cannot say for︋ sure whether one could do this entirely with a foreign passport. I personally believe it︌ is possible, as I only used my Belgian ID at the bank, but I cannot︍ say for sure that this could work for everybody.
Hope this clarifies!
