Tax Liability for "Landed" Immigrant Still Working
Moderator: Mark T Serbinski CA CPA
Tax Liability for "Landed" Immigrant Still Working
I am a US citizen who will be "landing" as an immigrant (permanent resident) in Canada in December (because my visa expires in January). However, I will not actually be moving to Canada until May or June and will continue working in the US until then. Am I liable for taxes in Canada during that period from this December until I move? I would like to avoid paying taxes in the US and Canada, but I figured I can't have my cake (assume permanent residency status) and eat it (not pay taxes while I work in the US), too. What's the scoop?
Roch
No, your Cdn tax liability (for non-Cdn income) will begin only when you establish residential ties, such as a home in canada.
You can land now, and only move to canada 3 years from now if you wish, and not violate your Cdn PR status.
You can land now, and only move to canada 3 years from now if you wish, and not violate your Cdn PR status.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Tax Liability for "Landed" Immigrant Still Working
Actually, I already own a condo in Montreal. Will that make a difference? Or does it not become an issue until I get a social assurance number?
Roch
Try and provide better information when you initially post, please.
Since you already own a condo, and you are not resident right now, why would you think that 'landing' would now make you a resident? You don't live in this condo, you (according to your previuous post) live in the US.
And getting a Social Insuarnce number doesn't make you resident either.
You will be come a resident when you move to canada.
Unless your family already live there and you vist them consistently.
Since you already own a condo, and you are not resident right now, why would you think that 'landing' would now make you a resident? You don't live in this condo, you (according to your previuous post) live in the US.
And getting a Social Insuarnce number doesn't make you resident either.
You will be come a resident when you move to canada.
Unless your family already live there and you vist them consistently.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best