Forum Discussion
jrp
Jun 28, 2015Explorer
I don't know anything about your Can insur regulations. But here in the US, neither the insur company nor the state of Az would approve of what you propose. Our vehicles are required to be registered & insured in the state where they are primarily stored/garaged. Although my permanent home is SD, the spare pickup I keep at my winter ranch is required to be reg & insured in NM. The Jeep I keep at my summer Co mountain home is required to be registered & insured in Co.
Could you get away with it in an area where out of state/country licenses are normal, probably. But if you have a serious accident and the insur company finds out what you've been doing, they could deny your claim.
Also with the US IRS taking a closer look at all Can snowbirds, when filling out your 8840 IRS form you may be faced with the choice of perjury or admitting that you keep a vehicle in the US year round. A surprise request from the IRS for income taxes could be worse than whatever the registration fees are, depending on your income.
Could you get away with it in an area where out of state/country licenses are normal, probably. But if you have a serious accident and the insur company finds out what you've been doing, they could deny your claim.
Also with the US IRS taking a closer look at all Can snowbirds, when filling out your 8840 IRS form you may be faced with the choice of perjury or admitting that you keep a vehicle in the US year round. A surprise request from the IRS for income taxes could be worse than whatever the registration fees are, depending on your income.
malibuguybc wrote:
How about if I use ICBC insurance for 6 months then storage insurance through the summer months when I'm back home? And keep it registered in BC.
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