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Prime Minister Stephen Harper, who will be resigning this week but will remain as the member of Parliament for his own riding of Calgary Heritage, is moving back to Calgary. While this may seem like a logical decision, given that he must vacate the official PM residence of 24 Sussex Drive, his choice to leave Ontario for Alberta prior to year-end is a tax savvy move that could save him tens of thousands of tax in 2015.

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Jonathan Chevreau: Add it all up and some affluent baby boomers might decide to retire early simply because it’s not worth busting a gut for those last few highly taxed dollars.





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That’s because provincial residency and where you pay provincial tax is based on where you live on the last day of the year, regardless of where you lived during the year. Of course it’s not as simple as checking into an Alberta hotel before midnight Dec. 31 to be considered a provincial resident of Alberta for the year. The determination of provincial residency looks to the province where you have the “most significant residential ties.”