Search found 7 matches

by ottawa
Wed Jan 25, 2012 12:10 am
Forum: Canada / United States Tax & Accounting
Topic: How much Canadian tax to pay as a Canadian working in US
Replies: 15
Views: 12910

Thanks nelsona and JG.

I think I finally get it. Basically there is no way that I could avoid the departure tax if I want to be a non Canadian residency.

So if I don't declare the non Canadian Residency, I could slowly use the retained earnings to pay my wife salary to avoid the high tax rates ...
by ottawa
Tue Jan 24, 2012 9:43 pm
Forum: Canada / United States Tax & Accounting
Topic: How much Canadian tax to pay as a Canadian working in US
Replies: 15
Views: 12910

Thanks JG.

Forgive me If keep asking stupid questions.

If I understand you right, I could make the small company inactive and keep the retained earnings inside without paying any taxes when I declare myself a Canadian non-resident. In the future, can I just simply draw money out of it to pay ...
by ottawa
Tue Jan 24, 2012 12:07 am
Forum: Canada / United States Tax & Accounting
Topic: How much Canadian tax to pay as a Canadian working in US
Replies: 15
Views: 12910

Thanks nelsona and JGCA, I really appreciate your kind help.
But I have a hard time understand this.

Nelsona, could you explain a bit more on this?
[Quote] However your CCPC you will need to take into income any Retained Earnings on your departure tax return as a dividend so the CCPC status as non ...
by ottawa
Mon Jan 23, 2012 3:23 pm
Forum: Canada / United States Tax & Accounting
Topic: How much Canadian tax to pay as a Canadian working in US
Replies: 15
Views: 12910

Are you sure about this? I actually consulted an accountant, they clearly told me that I have to demolish my small corporation and sell my house to deem a non Canadian Residency.

Thanks
by ottawa
Mon Jan 23, 2012 1:12 am
Forum: Canada / United States Tax & Accounting
Topic: How much Canadian tax to pay as a Canadian working in US
Replies: 15
Views: 12910

Not all, but there are ties that will deem me as a Canadian Resident even though I am living and working at US. For example, my house in Canada and a small inactive corporation but with some profits within it.
by ottawa
Mon Jan 23, 2012 12:48 am
Forum: Canada / United States Tax & Accounting
Topic: How much Canadian tax to pay as a Canadian working in US
Replies: 15
Views: 12910

How much Canadian tax to pay as a Canadian working in US

Hi,
I am a Canadian Resident, now considering applying a job at California. I am not able to eliminate all my Canadian ties, so going to be considered as a Canadian Resident even though living and working at US.
Now I want to get a sense of how much tax I have to pay to Canadian government each ...
by ottawa
Mon Sep 06, 2010 11:33 pm
Forum: Canada / United States Tax & Accounting
Topic: How can I be qualified for the Canada non-resident status?
Replies: 1
Views: 2176

How can I be qualified for the Canada non-resident status?

Hi,

I have been reading through so many posts trying to find my answer. But I couldn't.

I am a Canadian citizen, and I want to work in the US. My long term goal is applying for the green card and live permanently in US. So I want to get a non-resident status of Canada, which I have to break all my ...