Have any of you switched from PR to a Table 1 SOR? Or have you known of others who have done this? There seem to be many threads on going from Table 1 to Table 2, and many threads on revoked PR…but I'm really struggling to find information on Reddit or online regarding a voluntary Table 2 to Table 1 change.
Specifically, I am wondering if it's possible to limit exit tax liability by staying under the 5 year threshold, while also receiving some PR benefits in the short term (e.g., ease of obtaining a home loan). In principle it seems like a <5-year period of PR sandwiched in non-Table 1 SOR time could be a strategy to avoid the exit tax yet get better loan terms during a home search. Or am I missing something?
I appreciate any opinions, thoughts, discussion. Thanks!
by black-tokyo-sky