Posted on: 03-06-10 07:46:50
Hello All
I have some question
I will do my first landing in first week of July 2010
i will stay up to 35 days until I get my PR card then i will go back to the country I work in, this gonna last for up to 4 months until I resign and then I will return to Canada. so I will work approximately 4 months outside while I am a PR.
I know that I have to pay tax for income even Outside Canada for the period I am a Permanent Resident.
my question how Tax authority will be sure from the amount of income that I declare. Do they contact overseas employers?
because I receive part of my monthly salary in bank transfer (which I can proof it to the Tax authority) and another part by cash (which I have no document to proof it)
Do they contact the foreign employers in foreign countries? in what means of contact they communication they do so. Do the employers have to fill any report????
Regards,
Quote:
Originally posted by newcomer10
Hello All
I have some question
I will do my first landing in first week of July 2010
i will stay up to 35 days until I get my PR card then i will go back to the country I work in, this gonna last for up to 4 months until I resign and then I will return to Canada. so I will work approximately 4 months outside while I am a PR.
I know that I have to pay tax for income even Outside Canada for the period I am a Permanent Resident.
my question how Tax authority will be sure from the amount of income that I declare. Do they contact overseas employers?
because I receive part of my monthly salary in bank transfer (which I can proof it to the Tax authority) and another part by cash (which I have no document to proof it)
Do they contact the foreign employers in foreign countries? in what means of contact they communication they do so. Do the employers have to fill any report????
Regards,
In Canada the income tax is charged if you are a resident for tax purposes. Hence, even if you are a Citizen or a Permanent Resident but not a resident for tax purposes, you do not have to pay taxes on your worldwide income. So, if you do your first landing and leave with in a month and do not establish residential ties here, then you are not considered resident for tax purposes and may not be liable to pay Canadian Taxes on your worldwide income.
For more details read this http://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/rsdncy-eng.htmlhttp://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/rsdncy-eng.html carefully and take actions
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Link: http://www.cra-arc.gc.ca/tx/nnrsdnts/ndvdls/nnrs-eng.html#d
Freddie.
EDIT : *
Here is something more to read if you have time and a magnifying glass:
(FINE PRINT) http://www.cramagazine.com/issues/winter02/article02.html
