Need Tax advice...

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

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njdude26
Posts: 30
Joined: Fri Jul 21, 2006 6:45 pm

Need Tax advice...

Post by njdude26 »

Im presently working in the US on a H1 visa. I will be moving to Toronto, end of october to maintain my PR card and then become a citizen. My h1 is valid till Feb'07. I will be staying in Toronto in November and setting up a house, bank accounts etc... Whole of December I will be outside the country on business/vacation. My employer will be depositing pay checks in the bank in US for November/December. So my question is I will obviously pay US taxes for the whole year, but do I need to do anything about Canadian taxes.
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nelsona
Posts: 18363
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Yes. you will begin reporting WORLD income to Canads (and Province) the day you move.
See the "newcomers" guide on the CRA website.

A portion of the taxes you pay in US will be credited on your Cdn tax return.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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