Welcome Guest!Register Login Contact Us Site Map FAQ

Home

Charcha

Select section:

Moving back to India.... How to maintain residentship status of Canada?

Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] Next >

7wonders
Member since: Aug 03

Posts: 518
Location: Toronto
Post ID: #PID

Posted on: 16-01-08 10:40:17

Quote:
Originally posted by meitsme

I am IT professional and planning to move back to India after citizenship of Canada. I also want to maintain residenship status (legal way) of Canada to become eligible for health and CCTB beniftis.

Reasons for moving back to India:
1) Do not wish to do Job for whole life and pay mortgage for house in Canada.
2) Want to do bussiness and can not efford in Canada
3) Do not like winter
4) Missing family and festivals

I have registerd software company in Canada but I am not working sincerely for my own company. I am thinking to work in India for my own canadian company. I'll generate revenue on name of my canadian company. I'll also pay tax in canada at the end of year.

Is this okay to maintain my residentship status in Canada? OR what should I suppose to do to maintain residentship status of Canada while living in India?

All kind of inputs are welcome.

Thanks in advance.

You can't get all health benefits. OHIP holders out of ontario or Canada will get benefit only its emergency situation like accidents or attack and in your situation they won't I guess check OHIP policy.
If you think you don't want to live in canada then why do you want to maintain status ? it is legal issue but not ethical ..You guys are just saking canadian system..its better to go back

-----------------------------------------------------------------
http://www.youtube.com/watch?v=YMVuD_in67M

E mere vatan ke logo.............

If you want to do something for our country, just dont support corruption or be part of it

mkannuri
Member since: Nov 06

Posts: 409
Location:
Post ID: #PID

Posted on: 16-01-08 13:59:39

Quote:
Originally posted by 7wonders

Quote:
Originally posted by meitsme

I am IT professional and planning to move back to India after citizenship of Canada. I also want to maintain residenship status (legal way) of Canada to become eligible for health and CCTB beniftis.

Reasons for moving back to India:
1) Do not wish to do Job for whole life and pay mortgage for house in Canada.
2) Want to do bussiness and can not efford in Canada
3) Do not like winter
4) Missing family and festivals

I have registerd software company in Canada but I am not working sincerely for my own company. I am thinking to work in India for my own canadian company. I'll generate revenue on name of my canadian company. I'll also pay tax in canada at the end of year.

Is this okay to maintain my residentship status in Canada? OR what should I suppose to do to maintain residentship status of Canada while living in India?

All kind of inputs are welcome.

Thanks in advance.

You can't get all health benefits. OHIP holders out of ontario or Canada will get benefit only its emergency situation like accidents or attack and in your situation they won't I guess check OHIP policy.
If you think you don't want to live in canada then why do you want to maintain status ? it is legal issue but not ethical ..You guys are just saking canadian system..its better to go back

Hi CD's.
Thanks for starting this informatic thread.
Once again i do respect every ones views on this matter. I wanted to share my 2 cents on this topic.

First of all i appreciate the decision of "meitsme" of taking advantage of the two systems "Legally".
My comment: I dont see any harm in his thinking (like CcTB or other benefits) as long as he maintaining canadian residency and paying taxes. (you can be anywhere in the world..as long as you are working for canadian company and paying taxes).

I dont see any point..why cannot he take the benefits of being canadian when he paying taxes (contributing...leaving one job slot in canada for others...).

I totally agree with his plan and encourage him to do so where he gets peace and happyness.

It's normal behavior of any humans changing their thoughts over period of time and looking forward for better life (monitary or mental).
Once an individual fulfills his monitary needs, he/she should go after mental peace.
In his case, he is expecting peace/happiness by going there but keeping his monitary options open in canada.

First we are focused on "Survival"..that happend while we are in back home.
Second, once we survived, we want "luxaries/betterment of life"...that happend when we moved to western countires (N.America/Europe)
Third, once we experience so called luxaries, now we want "peace/happiness"...that is nothing but going back to home country where u came from...

During the above 3 phases..we all try to be legitimate and honest...but we will follow the path that is suitable/convenient at that time.

Conclusion: I believe "meitsme" is in 3rd phase and excersing his options legally..when he is desperate ...who knows what he will do :-)..After all we are all humans and nobody is perfect...

Rgds
MRK

-----------------------------------------------------------------
MK

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 16-01-08 19:02:35

I think most of you guys are getting confused between the resident status as per tax laws, and resident as per citizenship and immigration laws. The first relates to various financial attachments with the country while the latter is purely relating to physical presence.

OHIP and CCTB require physical presence resident status and not ITax resident status.

Which means you can be a tax resident and paying all Canadian taxes, but still not be entitled to benefits like OHIP and CCTB etc.

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

meitsme
Member since: Feb 06

Posts: 476
Location:
Post ID: #PID

Posted on: 16-01-08 19:34:23

mkannuri,
Thanks for your opinion. You are absolutely right.

Chandresh,
Would you please post the link which indicates the physical presence is require for CCTB?

Thanks,
meitsme

-----------------------------------------------------------------
Success is Never Ending and Failure is Never Final.

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 16-01-08 20:53:23

The below link gives the rules of CCTB and surprisingly it mentions that one should be resident for tax purposes, and that negates my earlier statement of physical presence.

http://www.cra-arc.gc.ca/E/pub/tg/t4114/t4114-07e.pdf" target="_blank">http://www.cra-arc.gc.ca/E/pub/tg/t4114/t4114-07e.pdf</a>

See point 3 on page 7 mentions: You must be a resident of Canada for tax purposes, and then defines residency as sufficient ties with Canada, which is true.

-----------------------------------------------------------------
Chandresh

Advice is free – lessons I charge for!!

mkannuri
Member since: Nov 06

Posts: 409
Location:
Post ID: #PID

Posted on: 17-01-08 09:45:03

Quote:
Originally posted by chandresh

The below link gives the rules of CCTB and surprisingly it mentions that one should be resident for tax purposes, and that negates my earlier statement of physical presence.

Thank you chandreshji.

I believe meitsme got all the answers, if you still have some please PM me as i am on the same boat but with different path and priorities.

My case is I am leaving sufficient amount in my incorporation and will be drawing salary and paying taxes every year even though i am in india.

All my revenues (expecting thru business) and properties made in INDIA will be on my wifes (she will be PR for this purpose) accounts and taxes will be paid in india.
this way i am maintaining both countries statuses and paying taxes on both of them and keeping my options open in both of them.

My aimed goal is to spend winter time in india and summers in canada as long as circumstences permits.

I am also considering of buying residence and renting it out, so that when ever i am in this country i dont have to rent again for short term and rent will go towards the mortagage. Not sure how far it will work out...but exercising towards this options aswell.

Once again thank you all for sharing your opinions and advises.
"meitsme"..please keep in touch and keep us updates with your successes.

cheers:-)
MRK

-----------------------------------------------------------------
MK

mkannuri
Member since: Nov 06

Posts: 409
Location:
Post ID: #PID

Posted on: 04-08-08 00:08:13

Quote:
Originally posted by meitsme

mkannuri,
Thanks for your opinion. You are absolutely right.

Chandresh,
Would you please post the link which indicates the physical presence is require for CCTB?

Thanks,
meitsme

Hello CD's
It's been really a pleasure being a member of this charcha and now it's time to move on with my plans that we discussed several times.
I became and citizen recently and waiting for my OCI. I am planning to implement my first phase of the plan of moving to india in october first week.
I will keep you guys posted with my experiences in maintaining both the systems.

rgds
MRK

-----------------------------------------------------------------
MK

Contributors: meitsme(8) gangwark(4) mkannuri(3) web2000(2) chandresh(2) puttoo(2) morning_rain(1) cdn_dude(1) 7wonders(1) Gurram(1) meetonline(1) manty(1) seenappa(1)

Jump to Page: < Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Moving back to India.... How to maintain residentship status of Canada?
	Topic	Forum	Views	Replies
	please advise	Ask Immigration Expert	1502	1
	Maintaining PR status - Minimum requirement ?	Ask Immigration Expert	1513	5
	Does the main applicant need to retain PR status for the dependants to get citiz ( 1 2 )	Ask Immigration Expert	2044	7
	CCTB	Ask Immigration Expert	1894	5
	Is Citizenship lost if one goes back indefinitely?	Citizenship	2099	4
	Need some inputs - going to the US with goods	USA	1410	0
	citicenship	Citizenship	1720	5
	Moving back to India - Tax return ( 1 2 3 )	Accounting and Taxation	4224	15
	how to maintain PR status while working on H1 in U.S	Ask Immigration Expert	1639	5
	relocation to florida	USA and other countries	1749	1
	PR status couple want to come back to canada after 2 years with new born	Ask Immigration Expert	2255	2
	what makes you stay ( 1 2 )	Our Native Country!	2233	8
	Is my friend too smart or dumb?	Citizenship	2034	3
	Relocating to Canada while trying to maintain a US green card ( 1 2 3 )	Independent Category	4963	14
	Moving back to India.... How to maintain residentship status of Canada? ( 1 2 3 4 )	Moving Soon	10562	27
	Leaving Canada after applying for citizenship ( 1 2 )	Citizenship	6813	12
	Successful Planning for moving back to India... ( 1 2 3 )	Life	7400	16
	Isn't it good time to settle Back in India? ( 1 2 3 4 )	Citizenship	5071	23
	Moving Back to India	Business Class	3946	5
	Working in India and still maintain your PR	Jobs	1497	2
	How He maintain status	Ask Immigration Expert	1854	2
	family issue	Our Native Country!	1231	1
	Canada Pension Plan - Am I eligible? Process?	General	2354	4
	Canadian citizenship ( 1 2 3 )	Ask Immigration Expert	2858	17
	Need advice on Citizenship	Ask Immigration Expert	1270	3

Charcha

Moving back to India.... How to maintain residentship status of Canada?

Discussions similar to: Moving back to India.... How to maintain residentship status of Canada?