Hi, i am about to accpet a job in the middle east.I do not know the tax implications in Canada.
I am leaving a family behind here, a house (in both names),car(in my name) and obviously keep my bank accounts.
My question is simple:
how can I earn my income there , retain my house here(my family does not want to move there) and pay little or no taxes in Canada and what is the correct process?
I would really appreciate your responces.Please help understanding this.
Thank you
Megamind
Accepting a tax free job in the middle east - tax in Canada?
Moderator: Mark T Serbinski CA CPA
Unfortunately, you can't.
Unless the country you are going to has a tax treaty which allows you to qualify as a tax resident (very few do), you will not break Cdn tax residency unless you sever ALL residentail ties except passport, and do not return to Cnada for several years.
Unless the country you are going to has a tax treaty which allows you to qualify as a tax resident (very few do), you will not break Cdn tax residency unless you sever ALL residentail ties except passport, and do not return to Cnada for several years.
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
thank you... where do I find information about Canada and Saudi Arabia.. I googled it but could noy find anything related to that - this is the first question.
second: if they offer 100.000 what would be the amount of taxes Iw ill have to pay provided i did not severe ties with Canada?
Thank you very much for the support.
second: if they offer 100.000 what would be the amount of taxes Iw ill have to pay provided i did not severe ties with Canada?
Thank you very much for the support.
There is no Cdn-Saudi tax treaty, so forget that. even if there was, for mid-east countries you typically would need to be a citizen of that country country to be considered tax resident
You can figure out your own Cdn taxes, just change the numbers on your current provincial return software to $100,000 in wages. there are dozens of websites tha twill figure this out for you.
You can figure out your own Cdn taxes, just change the numbers on your current provincial return software to $100,000 in wages. there are dozens of websites tha twill figure this out for you.
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