Do I need to close my Canadian bank account and cancel my Canadian credit card along with the sale of all other assets to sever financial ties to Canada. I have heard that bank accounts and credit cards are not an issue but others are saying get rid of everything to avoid tax on worldwide income.
Help
Search found 2 matches
- Thu Feb 22, 2007 9:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CANDIAN BANK ACCOUNTS/CREDIT CARDS
- Replies: 3
- Views: 3649
- Thu Feb 22, 2007 6:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: NR73 non residence tax questions
- Replies: 2
- Views: 5340
NR73 non residence tax questions
We have recently moved to Grand Cayman where there is no tax base. We moved in Jan 2007 and have some questions regarding non residence status, selling our house back in Canada and liquidating assets to avoid paying income tax on my world income. First off I am employed with a Caymanian company and ...