Location: Brampton, Ont, Canada
Posted on: 04-03-19 20:14:49
I have question about filing a Tax in Canada from India.
One of my close friend has moved to India last year.
Not planning to return back for few years but still want to keep tie with canada.
How does tax filling work ?
they are couple with 3 kids. No income last year.
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
Quote:
Originally posted by Blue_Peafowl
I have question about filing a Tax in Canada from India.
One of my close friend has moved to India last year.
Not planning to return back for few years but still want to keep tie with canada.
How does tax filling work ?
they are couple with 3 kids. No income last year.
https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/determining-your-residency-status.html
They will be considered as resident of Canada for tax purposes, since they have and want to have residential ties to Canada, even though physically they are in India.
You can file a Zero income return from India.
But if they have any income, could be interest income, rental income, business income, investment income or even income in India, they will have to report it on the Canadian taxes.
You can always hide your Indian income, need not show it to Canada. Or if you have paid income tax on your Indian income in India, you can claim a Foreign Tax Credit in Canada - so you don't pay taxes at both places and avoid double tax.
Generally you lose lot of benefits like GST/HST quarterly credit, Canada Child Benefit, Ontario Trillium Benefit etc - which are tax credits and rebates you get if you are not physically here.
Some you get for only 6 months after you leave, but not more.
So lot of desis stay here for 6 months and in India for 6 months so they can collect benefits like OAS, GIS etc for the whole year.
Location: Brampton, Ont, Canada
Posted on: 06-03-19 08:34:07
Thank Mitron
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
Hello there!!!
I was working in Canada till 2020 July. Filed my taxes online for the same.
Flew back to India due to pandemic and still in India. So basically I have no canadian income for the year 2021 so far.
Now i plan to come back as flights have resumed.
Wanted to know if entering Canada in 2021 would make any difference in terms of tax or should i enter the country in Jan 2022.
I will also be filing PR application for my spouse when i return.
Can some please clear my queries.
Looking forward to hearing from Folks who can assist me regarding this.
Thank You
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