Do darker days and rainy mornings have you dreaming of fleeing Canada to a warmer climate for a few months? This week, Travis and Derrickinvite Doug Lawson, a professional accountant with Hutcheson & Co., to talk about the financial factors that you need to know before becoming a snowbird. 

1:00Money Problem:Travis’ clients were enjoying so many days as snowbirdsthat they were incurring some financial risk. 

2:30Expert Examination:Derrick, Travis and Douginvestigate the financial planning you need to do to enjoy a snowbird lifestyle: 

• What it means to live like a snowbird and why fly south for winter. 
• How the substantial presence test could complicate your tax situation. 
• Managingassets and tax filings in two countries. 
• Making sure you can easily access your income when living in the US. 
• Will you spend more or less on living expenses as a snowbird? 
• Is extra insurance necessary when living part-time outside Canada. 
• The best strategies to manage property in two countries. 

23:20–Weekly Financial Fix:A simply phone call that can protect your property and financial health. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.