Planning to Become Canadian Perm Resident
Moderator: Mark T Serbinski CA CPA
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- Posts: 2
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Planning to Become Canadian Perm Resident
I am a retired US citizen and plan to apply for permanent resident in Canada and spend most of my time there. All my income is from US pensions and retirement investments. I do not plan to work in Canada. Based on the tax treaty, can you give me a general idea of how much I will pay in taxes to Canada? My 2019 US taxes amounted to 10% of my total income (total taxes paid/total taxable income). Will I owe anything to Canada if that remains below 15%? thanks.
Re: Planning to Become Canadian Perm Resident
You will pay almost nothing to US, and all to canada. Can;t make an estimate, but assume 10K more to Canada.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
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- Posts: 2
- Joined: Wed Mar 10, 2021 4:08 pm
Re: Planning to Become Canadian Perm Resident
Thanks for your prompt reply.