Overview

Toronto → Asunción. Clean break, totality of ties severed, Paraguay tax resident.

Critical numbers

Days to departure

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target: 2026-09-15

110 mortgage balance

—

matures Jan 10 2027

IBKR total

—

cash + TFSA + RRSP

BTC held

—

self-custody

Cdn debt utilization

—

target trend: down

HOOPP start

Feb 2027

~$880/mo with bridge

Workstream status

Property / Refinance

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Northern Cards wind-down

—

Tax / advisors

—

Healthcare bridge

—

Quick edit

Departure date

Mortgage balance

IBKR cash

IBKR TFSA

IBKR RRSP

BTC count

BTC USD price

Cdn debt util %

Timeline

Sequential action items, dependencies, status. Check off as completed.

Property

110 Parliament. Joint tenancy preserved. SUNG sole borrower on refinance.

110 Parliament

Standalone FMV estimate commercial appraisal pending

JP equity (50%)

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Combined 108+110 assemblage est. use $4.5M-$5.0M, JP's 55%/50% share ~$1.25M-$1.375M

Appraiser engaged

Mortgage refinance (Monster Mortgage)

Current rate %

Target fixed rate %

New balance after paydown

Target close date

Co-ownership agreement (with SUNG)

Utilities transfer to SUNG

108 Parliament (long game)

Owner status / contact attempts

Adverse possession sliver status

Northern Cards

Wind-down sequenced through 2026, ABIL claimed on 2026 personal returns.

Loan allocation (ABIL basis)

JP shareholder advance

SUNG shareholder advance

JP ABIL deduction (50%)

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JP est. tax savings (~50%)

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Wind-down checklist

Action items

Notes (Victor De Sousa, dissolution lawyer)

Tax / Income

25% flat withholding on Cdn-source pension/RRSP, no Canada-Paraguay treaty.

Pension projections (monthly)

HOOPP base ($/mo) Feb 2027 start, +$80 bridge until 65

HOOPP after 65 ($/mo)

CPP estimate ($/mo) earliest age 60

OAS estimate ($/mo) earliest age 65, clawback at higher incomes

RRSP lump sum planner

RRSP balance at withdrawal

Withholding rate % 25% flat, final tax (no treaty)

Tax withheld

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Net to JP

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Section 217 eligibility check (annual)

Available only if 90% of worldwide income is Canadian source. Plan: accept 25% flat most years.

Cdn-source income (year)

Foreign-source income

Cdn-source share

—

Section 217 viable?

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Departure return checklist (2026)

Notes

Assets

Position tracker by category and jurisdiction. BTC self-custody. IBKR centralized.

Liquid (IBKR + crypto)

IBKR cash trading

—

tax-loss harvesting candidate

IBKR TFSA

—

no contributions post-departure

IBKR RRSP

—

lump sum target early 2027

BTC value (USD)

—

— coins × — USD

IBKR total

—

cash + TFSA + RRSP

Liquid total est.

—

IBKR + BTC

Illiquid

110 Parliament JP equity

—

50% of FMV, locked until sale

Northern Cards equity

Insolvent

ABIL play, no realizable value

Canadian debt

Don't close Scotia / Tangerine prematurely. Maintain for paydown.

Net worth snapshot

Liquid assets

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Illiquid (110 equity)

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Less: Cdn debt

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Net worth (rough)

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Notes

Running notes. Anything that doesn't fit elsewhere. Searchable, exportable.