I am planning to accept a 3 year contract to work for an international organization that will bring me to the US under a G4 visa which confers the primary holder exemption from US taxes.
Questions:
1. Are there any tax implications stemming From the number of years (3 vs 5) that I remain in the US under the stated arrangement?
2. We would like to rent our house in Canada instead of selling. Is this advisable tax-wise?
3. as non resident in Canada during the duration of said contract, are there any taxes I should pay to CRA?
Very grateful in advance for your kind advise.
Canadian working in US w/G4 visa: renting house in Canada
Moderator: Mark T Serbinski CA CPA
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- Joined: Sun May 01, 2011 10:37 am
[quote="nelsona"]You will NOT become non-resident of Canada, unless you are one already.[/quote]
This addresses part of question #3 but does not help with the second part of the question (what taxes are payable to CRA while working in the US under a G4 visa?) or questions 1 and 2 in the same entry. Thanks for your advice.
This addresses part of question #3 but does not help with the second part of the question (what taxes are payable to CRA while working in the US under a G4 visa?) or questions 1 and 2 in the same entry. Thanks for your advice.
boygallego
Oh, I didn't realize this site required answers in a specific form and order.
You need to contact CRA to see if this is a "prescribed international organization". If it is, you will be able to deduct wages, if not you will include them on your return and pay tax.
You need to contact CRA to see if this is a "prescribed international organization". If it is, you will be able to deduct wages, if not you will include them on your return and pay tax.
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