Bringing in Money after immigration


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Malingen   
Member since: Sep 07
Posts: 7
Location: Ontario

Post ID: #PID Posted on: 15-10-07 14:22:41

Rohit !!

What gives you the impression that South Indians are people with Ego's ?
You are mistaken ? I guess it comes from you "birds eye" view of the world.

Not offended just curious .........
Mike



panna28   
Member since: Jan 06
Posts: 48
Location: Europe

Post ID: #PID Posted on: 16-10-07 11:47:21

Quote:
Originally posted by Rohit69

Quote:
Orginally posted by chandresh
Are you a South Indian by any chance?...You seem like a High Ego guy?...no offence meant..Lol







IT IS INDEED OFFENDING :cuss:


-----------------------------------------------------------------
It takes fewer muscles to smile than it does to frown.what would you prefer???
Sriramajayam!!!


jayaram   
Member since: Jun 04
Posts: 298
Location: Calgary

Post ID: #PID Posted on: 16-10-07 13:43:50

Immigrants get a five year tax holiday if setup properly
Quote from website:
The Income Tax Act does allow an immigrant to shelter non-Canadian source income and capital gain for a period of up to sixty months after their arrival in Canada. The sixty-month period commences on January 1 of the calendar year during which the taxpayer becomes resident in Canada for tax purposes. Typically, income/capital gain-producing assets that are situated outside of Canada are transferred into an "offshore trust". A non-resident financial institution is used as trustee. All income and capital gains attributable to such assets that are earned by the trust, escape Canadian tax during the period that the individual is a Permanent Resident of Canada and is in the qualification period of Canadian Citizenship. This "tax holiday" expires at the end of the sixty month period. If the trust continues in place thereafter and the person remains resident in Canada for tax purposes, the trust itself will become a resident taxpayer and liable for Canadian taxation on its world-wide income.


See link
http://www.escapeartist.com/efam27/Canadian_Sunrise.html





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