US Citizen, Canadian PR status now living in US

arya6000 · Post by **arya6000** » Mon Oct 22, 2012 5:48 pm

I lived in Canada for a few years, but I've been living in US since the end of 2011, how would I go about my income tax for 2012? Does the tax treaty say that if I pay taxes to US I'll be exempt from paying Canada?

Regards!

JGCA · Post by **JGCA** » Mon Oct 22, 2012 6:01 pm

The treaty says nothing about paying tax to one place making you exempt in the other place, it depends on residence and then you still may have to file in either or jurisdiction and apply tax credits or exemptions. You say you left Canada for the US at the end of 2011 here you should have filed a departure return in Canada and now if you reeside in the US only be filing US tax returns.

arya6000 · Post by **arya6000** » Mon Oct 22, 2012 6:42 pm

but what if I still have bank accounts and a house is under my name in Canada? and I still have my PR status. Can I still file departure return with my situation?

JGCA · Post by **JGCA** » Mon Oct 22, 2012 6:49 pm

yes departure return is fiiled in teh year you leave Canada all assets with some exceptions will be deemed to have been sold the day you leave which may result in Capital gains. Your house as taxable Canadian property id not sold, your bank accounts have no tax owing, your RRSP also is exempt in Canada but you should read Revenue Canada Guide on Emmigrants this will give you a clear picture.

nelsona · Post by **nelsona** » Mon Oct 22, 2012 8:46 pm

PR status does not affect taxcx residencey, and nor does tax residncy affect PR status.

Only days of ophysical presence in/out of Canada affect PR status.