Residency issue

S

SoCalOptionsWriter

Ok, I presently live in California, but I plan on spending six months of the year in Vancouver, B.C. Is there a way I can parlay this into somehow not being a California resident? Spend a couple weeks to and from Vancouver in Seattle? Get rid of the CA license, etc. File taxes with a Canadian address and a six month visa? Do I need to have a state residency if I live out of the country for six months?
 
It looks subjective and not that easy.
https://www.stateandlocaltax.com/california/what-makes-a-california-resident/
A California “resident” includes an individual who is either (1) in California for other than a “temporary or transitory purpose,” or (2) domiciled in California, but outside California for a “temporary or transitory purpose.” Cal. Rev. & Tax. Code § 17014(a).
More...

https://www.ftb.ca.gov/forms/2020/2020-1031-publication.pdf
Consider all
the facts of your particular situation to determine your
residency status.
Factors to consider are as follows:
• Amount of time you spend in California versus amount
of time you spend outside California.
• Location of your spouse/RDP and children.
• Location of your principal residence.
• State that issued your driver’s license.
• State where your vehicles are registered.
• State where you maintain your professional licenses.
• State where you are registered to vote.
• Location of the banks where you maintain accounts.
• The origination point of your financial transactions.
• Location of your medical professionals and other
healthcare providers (doctors, dentists etc.),
accountants, and attorneys.
• Location of your social ties, such as your place of
worship, professional associations, or social and
country clubs of which you are a member.
• Location of your real property and investments.
• Permanence of your work assignments in California
More...
 
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You'll need to be registered in any state you do business. Residency is much more of a tax issue - FINRA and the SEC rules are very dependent on what role/products you become involved in.
If you're not registered in a state,even if it's a tiny portion of your business, it can be surprisingly problematic.
 
As long as your main residence is in Vancouver and you're out of California for more than 180 days you should be fine. If you have property in California, you need to ensure it cannot be construed as your permanent home. Rent it, Airbnb it during the months you're in Canada. Forward your mail, show utilities use variation when you are/are not there.
 
Yes you can file partial returns in US as overseas American, I think the first $96k income is tax deductible. But I am pretty sure you need a Canadian work permit to even start working there and pay Canadian tax, or any foreign country in this matter.
 
If you want to save taxes, you should establish tax residency in Puerto Rico or Singapore, not Canada. LOL Last I heard, taxes in Canada is a lot higher than in America. As a trader, you pay 0 taxes if you can establish legal residency in Puerto Rico or Singapore, as far as I know.
 
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