Help me with tax implications

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cmanyam
Member since: Aug 04

Posts: 295
Location: TORONTO
Post ID: #PID

Posted on: 12-12-07 08:38:24

HI Mr. Jain/Sr.CD Members

I landed in Toronto april-2007 and came back to UAE after 15 days.

I got Sin number , PR card also opened a bank account and Driving license.

can you clarify about my Residential status for the 2007 Tax return purpose.

Do i need to pay tax on on wrold wide in come or I will be considered as Non resident for tax purpose.

plese reply me with tax implications.

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Hi to all...

dp_jain
Member since: Jan 04

Posts: 418
Location: Brampton
Post ID: #PID

Posted on: 13-12-07 16:14:32

I have answered your email received in my inbox.

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Live and Let Live. Together we can make a difference.

DP JAIN, CPA, CGA, CPA (US), CA(I), LL.B.(I)
416-305-0080
(Loans, Mortgage, Tax, Accounting, Investments)

cmanyam
Member since: Aug 04

Posts: 295
Location: TORONTO
Post ID: #PID

Posted on: 16-12-07 09:10:24

Hi Mr. Jain

Thanks for your mail.

subrahmanyam

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Hi to all...

newkidontheblock
Member since: Nov 04

Posts: 19
Location:
Post ID: #PID

Posted on: 04-01-08 15:01:03

I landed in Jan 2005 and returned back after applying for PR,SIN and depositing my landing amount in a canadian fixed deposit. I have since been working in U.S on H1B. I plan to move back to canada soon but not sure if my U.S income is taxable.

I have paid tax in U.S on the income and did not travel back and forth. Am I considered resident of canada for tax purpose? Will I be required to pay tax on "world income"?

Contributors: cmanyam(5) chandresh(2) dp_jain(2) Dharma(1) newkidontheblock(1)

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