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Is it by tax treaty, though? The CRA often cites "paragraph 212(1)(b)" with no mention of it being tied to a particular country or tax treaty. The CRA non-resident calculator itself even says "The new provision exempts from tax any interest payments that a payer resident in Canada mak...

Also, does it matter what non-Canadian country I am a resident of? The government's Canada Non-resident tax calculator (https://www.canada.ca/en/revenue-agency/services/e-services/non-resident-tax-calculator-disclaimer.html) gives inconsistent results. If you say that you are a resident of the USA a...

I am a non-resident of Canada (and have been for many years). If I earn interest via a GIC (could be a 1 year GIC, or a multi-year GIC) at a Canadian bank, is it exempt from tax in Canada? Background: I already know that I do NOT have to pay Canadian tax on Bank Interest from a normal savings accoun...

Someone advised me, though, that even though I don't *have* to file a (non-resident) Canadian return (since, as stated above, my taxable income was 0), I *should* do it anyway to ensure that my past Tuition Credits continue to be carried forward. The idea being that, if I return to Canada several ye...

Yep.
Good to know that I'm henceforth done with Canadian taxes and filing, even though I get Canadian bank interest.
Thanks!

There is no departure tax, since I officially emigrated in summer of 2016 and consequently dealt with departure already. In 2016 I also liquidated all my assets (sold my investments) and put the money in interest-bearing non-registered bank accounts. That's all done pre-2017. So for all of 2017 I am...

I am a non-resident of Canada (I am a resident of the USA, where I live and work) for the entire 2017 tax year. I have bank accounts in Canada and earn interest. This bank interest is the [b]only[/b] income I earn in Canada. I believe that the tax rate on bank interest for non-residents is 0%, so I ...

Can I leave my non-registered Canadian mutual funds open? What would happen if I didn't close my accounts?

Thanks for your answers!
Can I still choose to remain a Canadian resident as well? (I plan to possibly return to Canada just 1.5 years later anyway, and I pay very little tax since I don't earn much right now, so if possible, I'd like to keep my Canadian residency even if I become a US resident.)

I am a Canadian living in the US with J1 status. I will soon have been in the US for 5 calendar years and therefore will henceforth be considered a US resident alien for tax purposes (starting 2015). Main question: What then becomes of my Canadian residency status? Do I automatically become a Canadi...

Thank you very much! That is good news. So, am I correct in the following: As a Canadian resident, even though I live in the US for multiple years (as a J-1 status non-resident), I pay US tax rates of: 0% tax on capital gains 0% tax on bank interest 15% tax on dividend income So when my bank sends m...

I am a Canadian, studying (in graduate school) in the US on a J-1 status, and have been doing so for 3.5 years already. The university gives me a stipend, which exceeds $10,000. While I am here in the US, I would like (if possible) to invest my US savings by buying shares in an ETF through Fidelity....

I see. Thank you.
So I can keep my TFSAs and put money into them (etc) for now. But in December of my 5th school year (December 2014 if I started Sept 2010) you would strongly advise that I close all my TFSAs. Is this correct?

I am a Canadian citizen, studying in the US (on a J-1 status). Right now I am considered a Canadian resident (for tax purposes). I assume that I am still therefore allowed to buy mutual funds with my bank, put money into TFSAs, etc. Correct? If I eventually give up my Canadian residency, I know that...

Thank you very much nelsona. Does it make any difference whether I become considered a resident (alien) of Massachusetts before then? (Massachusetts determines residence for tax purposes differently from the US Federal government, so I can - and probably will - be a Massachusetts resident for tax, b...