Facts Rachel is the CFO for Capital Products Pty Ltd. Rachel was previously located at the head office in Perth but is currently working from the Canadian office, having relocated there on 1 August 2020. Capital Products anticipate that Rachel will head up the Canadian office for seven years with an option to stay for another five years. Rachel's contract with Capital Products entitles her to a salary of $600,000 for 2020/21. This is paid at the rate of $50,000 per month. Rachel sells her shares in Australian companies before she leaves Australia and makes a capital gain of $16,000. She makes another capital gain of $28,000 in January 2021 when she sells shares in Canadian companies. Rachel was born and has lived all her life in Perth so is a little anxious about the move to Canada yet believes it will benefit her financially and professionally. Rachel's husband and children will also move to the Canadian office, although it is expected that her husband and children will move approximately 6 months after she departs Australia (early 2021).

Question:

Discuss Rachel's status (resident or not) for Australian tax purposes for 2020/21 and the tax implications of the transfer to Canada.