Location: Ottawa (Now in Bangalore)
Posted on: 15-02-05 18:25:18
Jain sahab..here is my situation :-
1.) Canadian citizen, with no property, no driving license in Canada
2.) Have OHIP card which will expire in April 2005
3.) Am in the USA, now...paying taxes in the USA...and will leave the USA for India in July 2005
I intend on taking up residence in India ("showing intent of leaving Canada is to take up residence in another country with employment authorization"
....
So how would you comment in my case ?....
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"Aur Vaise Bhi, Sharafat ki jab kapde utarti hai, sabse zyaada mazaa shareefon ko hi aati hai"....(From The Dirty Picture)
Warning !! SCAM ALERT !!
http://www.canadiandesi.ca/read.php?TID=4169 & http://www.canadiandesi.ca/read.php?TID=1379
This is a Useful Health related Tip
http://www.canadiandesi.ca/read.php?TID=3865
Please visit
http://www.cmje.org/religious-texts/quran/verses/009-qmt.php for some interesting Information ! (Especially 009.005 )
Jain sahab..here is my situation :-
1.) Canadian citizen, with no property, no driving license in Canada
-- Great
2.) Have OHIP card which will expire in April 2005
-- Inform OHIP medical that you have left Canada and are no more a resident of canada so they can upadte their systems
3.) Am in the USA, now...paying taxes in the USA...and will leave the USA for India in July 2005
-- Inform all your banks with bank accts to withhold 25% NR taxes
-- File departing cdn tax return this year to tell CRA you are leaving canada or if you did already file - good
I intend on taking up residence in India ("showing intent of leaving Canada is to take up residence in another country with employment authorization"....
So how would you comment in my case ?....
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We will find a way or we will make one
Location: Ottawa (Now in Bangalore)
Posted on: 15-02-05 18:52:12
Quote:
Orginally posted by Smiley
Jain sahab..here is my situation :-
1.) Canadian citizen, with no property, no driving license in Canada
-- Great
2.) Have OHIP card which will expire in April 2005
-- Inform OHIP medical that you have left Canada and are no more a resident of canada so they can upadte their systems
3.) Am in the USA, now...paying taxes in the USA...and will leave the USA for India in July 2005
-- Inform all your banks with bank accts to withhold 25% NR taxes
-- File departing cdn tax return this year to tell CRA you are leaving canada or if you did already file - good
I intend on taking up residence in India ("showing intent of leaving Canada is to take up residence in another country with employment authorization"....
So how would you comment in my case ?....
Smiley..as per my knowledge ..I would have, at most 50 Canadian Dollars in my bank account in Ottawa.... do I still have to ask my bank to withold 25% NR taxes ?...
Should I file a "departing cdn tax" return separate from a "april 30th regular tax" return ???
-----------------------------------------------------------------
"Aur Vaise Bhi, Sharafat ki jab kapde utarti hai, sabse zyaada mazaa shareefon ko hi aati hai"....(From The Dirty Picture)
Warning !! SCAM ALERT !!
http://www.canadiandesi.ca/read.php?TID=4169 & http://www.canadiandesi.ca/read.php?TID=1379
This is a Useful Health related Tip
http://www.canadiandesi.ca/read.php?TID=3865
Please visit
http://www.cmje.org/religious-texts/quran/verses/009-qmt.php for some interesting Information ! (Especially 009.005 )
1 ) Yes ! you do have to inform your bank about your non-residency for tax purposes
2) departing Canada returns require a T1161 and possibly a T1243 and T1244. You can file these along with your this years's april taxes ..
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We will find a way or we will make one
basically you can even file the regular return as a departure return as long as you put a departure date on the first page.
regular return + departure date = departure return
havent really heard of any special forms to file after talking to 2-3 tax accountants and seeing the REVenue Canada guidelines
Quote:
Orginally posted by Ottawa_Nerd
Jain sahab..here is my situation :-
1.) Canadian citizen, with no property, no driving license in Canada
2.) Have OHIP card which will expire in April 2005
3.) Am in the USA, now...paying taxes in the USA...and will leave the USA for India in July 2005
I intend on taking up residence in India ("showing intent of leaving Canada is to take up residence in another country with employment authorization"
So how would you comment in my case ?....
Hi ND,
Firstly, sorry for being late. I could not log in for 2 days. However, u got all the info required. U need to inform the bank. It is procedural and nothing to do with funds therein.
I presume, u have been filing tax return here in Canada and availing foreign tax credit. For more info check the link below.
http://www.cra-arc.gc.ca/tax/nonresidents/individuals/leaving-e.html
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