OCI-Moved back home - What formalities are needed for Tax non residency ?


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



Full House   
Member since: Oct 12
Posts: 2677
Location:

Post ID: #PID Posted on: 04-07-17 14:21:58

For those who are based outside of Canada, what they call here "Internationally", there is a division that answers to all your questions with authority and with all of the links to the TAX questions and they can be accessed from the link below. THEY ACCEPT COLLECT CALLS. (Read my previous response to you on this subject matter)

Good Luck.

FH.

http://www.cra-arc.gc.ca/cntct/ntrntnlnqrs-eng.html
http://www.cra-arc.gc.ca/cntct/prv/tstc/twts-eng.html#ntrntnl
----

Quote:
Originally posted by pendse

Quote:
Originally posted by cdn_dude


- Last but NOT least, mention your DEPARTURE date on your tax return indicating that you are claiming a "Non Resident of Canada for tax purpose" status.

Good Luck!




So if I am permanently leaving in 2017, when do I file that tax return ? In 2017 or 2018 ?

As the tax forms for 2017 will only be ready and available early next year from CRA. I believe in first week of Feb 2018 , the 2017 Tax forms & Packages will be ready.

I will be firmly settled in India by then. So should I file my Final & last taxes from India in 2017.



cdn_dude   
Member since: Dec 05
Posts: 942
Location:

Post ID: #PID Posted on: 04-07-17 21:48:58

Quote:
Originally posted by pendse

So if I am permanently leaving in 2017, when do I file that tax return ? In 2017 or 2018 ?



-- You can file your 2017 return only after the year is over and when the 2017 tax forms become available.

Quote:


I will be firmly settled in India by then. So should I file my Final & last taxes from India in 2017.



-- File your tax return for the Year 2017 from wherever you are - mentioning your departure date from Canada in the "Information about your residence" section is what you need to do - if you left Canada in 2017.



gloria1211   
Member since: Jul 17
Posts: 1
Location:

Post ID: #PID Posted on: 08-07-17 04:09:25

Hi,



Smiley   
Member since: Mar 03
Posts: 1185
Location: USA

Post ID: #PID Posted on: 24-07-17 17:21:25

1) If you have a house/condo , it can be rented out . You do not have to sell it if you do not want to
2) change your DL to the new country DL
3) Get a job in your new place and move out
4 ) You do not have to cancel CC if you do not want to
5) You do not have to cancel your bank accounts in Canada ( just let them know you left and they will with hold 25% taxes on interest earned
6) Your family has to move too . You cannot have a wife and kid in Canada and be a non -resident ..

Being a non -resident you only pay taxes to Canada on cdn income and not world income ..

We moved to the US in 2007 and have been non -resident since then . We still have all bank accounts /CC / INg accounts etc with US addresses and no issue . The interest earned is with held at 25% ..


Let me know if you have any questions


-----------------------------------------------------------------
We will find a way or we will make one


pendse   
Member since: Jun 17
Posts: 118
Location:

Post ID: #PID Posted on: 26-07-17 16:34:02

Quote:
Originally posted by Smiley

1) If you have a house/condo , it can be rented out . You do not have to sell it if you do not want to
2) change your DL to the new country DL
3) Get a job in your new place and move out
4 ) You do not have to cancel CC if you do not want to
5) You do not have to cancel your bank accounts in Canada ( just let them know you left and they will with hold 25% taxes on interest earned
6) Your family has to move too . You cannot have a wife and kid in Canada and be a non -resident ..

Being a non -resident you only pay taxes to Canada on cdn income and not world income ..

We moved to the US in 2007 and have been non -resident since then . We still have all bank accounts /CC / INg accounts etc with US addresses and no issue . The interest earned is with held at 25% ..


Let me know if you have any questions



You still file 2 tax returns every year though, right ? (Since you still seem to have partial ties to Canada). One is US with IRS and another one in Canada with the CRA ?

I have no intention of filing one with CRA hence I don't think I can keep a house in Canada



Smiley   
Member since: Mar 03
Posts: 1185
Location: USA

Post ID: #PID Posted on: 27-07-17 13:46:18

We never filed Canada taxes after 2008 . We do not have any income from Canada other than RRSP and Bank accounts ( NR witholding Tax at banks ) ..


-----------------------------------------------------------------
We will find a way or we will make one


Contributors: pendse(9) Full House(6) Smiley(2) cdn_dude(2) gloria1211(1)



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

Discussions similar to: OCI-Moved back home - What formalities are needed for Tax non residency ?

Topic Forum Views Replies
My opinion
Feedback and Comments 2311 2
Travel abroad for new immigrant ( 1 2 )
Ask Immigration Expert 2787 10
We are putting immigration test online - help needed ( 1 2 3 )
Life 3744 19
Citizenship Test questions
Citizenship 1970 1
Google Answers
Science & Technology 1818 1
Business and citizenship
Ask Immigration Expert 1491 4
2004 Tax return file question ( 1 2 )
Accounting and Taxation 3787 10
Medical Condition, Is this going to cause us problem? ( 1 2 )
Independent Category 3385 12
Business Checking Account in Vancouver
Business 1980 6
questions regarding landing in canada.
Moving Soon 1533 3
Buyng a Gas Station in Rural Area ... Any first hand info ? ( 1 2 )
Business 2910 7
How to do CPA when residing in Canada?
USA and other countries 6188 1
need info to transfer money from india
Real Estate & Mortgages 1571 2
INTERVIEW QUESTIONS WITH ANSWERS
General 1862 3
Need help for Citizenship test on May20,2009
Citizenship 1429 3
Tax Questions Answered for Free
Accounting and Taxation 2185 0
Jai Maharasthra: Kasab answers questions in Marathi ( 1 2 3 4 )
Our Native Country! 5979 24
Address for the year prior to landing in Canada
Citizenship 1321 1
Job interview ( 1 2 3 4 5 )
Jobs 7244 30
Canada Job Links - JOB-LINK.ca
Jobs 2538 3
Do you believe in Ramayan ( 1 2 3 ... Last )
Arts and Culture 10721 51
What changes happened regarding these dates?
Citizenship 1348 1
PR related questions
Ask Immigration Expert 1420 3
OCI-Moved back home - What formalities are needed for Tax non residency ? ( 1 2 3 )
Our Native Country! 4747 19
 


Share:
















Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions


Site designed, developed and maintained by Marg eSolutions Inc.