Tax questions for Middle East Desis


Jump to Page:
< Previous  [ 1 ]    Next >




ansh   
Member since: Jul 04
Posts: 19
Location: Toronto

Post ID: #PID Posted on: 02-08-04 14:01:00

Dear Chandersh Ji. / Senior Desis...

I followed a lot of your advice to new PR on tax issues. I also live in middle east and planning to come for Landing in Apr05.

I read Central Revenue Agency website and it was clear that being non resident , one may not pay taxes on world income. Basically if i earn income outside Canada , and if i am a non-resident for tax purposes, then i will not be taxed. It also says that to qualify for non resident one should not have Driving License, Rented apartment, no family, OHIP i.e. basically no association commercially, socially or otherwise etc

It was clear that there is no mention of SIN, which means that one can apply for SIN. So basically when i come to toronto, just finish my PR Card requirements, Get SIN Card . open bank account and come back. Nothing more to be done.

Now Question is ?

1. How does one get labelled non resident for tax purpose. Is it that at the end of the financial year i file my returns in any case and leave it up to CRA to decide or while i am there - i need to apprach and fill forms to aquire that status ?

2. I understand that out of 5 years, 3 years one can stay out of Canada in one shot. Now can i remain non-resident fortax purposes for these three years ? or is it only one year from the date we landed till next 24 months/financial tax filling deadline APR..


Thanks again



Manasvi   
Member since: Sep 03
Posts: 733
Location: Bahrain

Post ID: #PID Posted on: 03-08-04 05:21:49

Wud appreciate some1s specific advise on this . As per my understanding .

You can avoid opening a Bank a/c 2 save ur residense intentions in Canada. Only PR & SIN r enough .

1. Financial year 4 tax purposes is from 1st Jan to 31st Dec. In case u land in Apr05 and intend 2 stay on u become income tax assesse for the Assesment year 2006-07.

2. N case u intend 2 return back upon entry and re enter after 03 years ie April 08 then u wud b tax liable 4 the year 08-09.

Regards ,
Manasvi





Jump to Page: < Previous  [ 1 ]    Next >

Discussions similar to: Tax questions for Middle East Desis

Topic Forum Views Replies
DRIVER’S HANDBOOK NOTES
Just Landed 5504 2
Understanding Canadian Tax
Accounting and Taxation 2149 1
Tax questions for Middle East Desis
Accounting and Taxation 1965 1
Top Eight Reasons NOT to immigrate to Canada ** ( 1 2 3 ... Last )
Jobs 65004 324
It's a Flat World, After All
News and Events 1846 0
Top Eight Reasons NOT to immigrate to Canada ( 1 2 3 4 )
Moving Soon 9125 27
Is there is any tax if we bring amount in excess ?
Moving Soon 2019 5
Sticky: All Home Hunters Unite! ( 1 2 3 ... Last )
Real Estate & Mortgages 67968 201
Pension can send home country After Retirement in canada
Family Class 2606 3
Social Darwinism-Survival of the Fittest & Trickle-down Economics ( 1 2 3 ... Last )
News and Events 38909 229
Getting Gift money from India ( 1 2 3 4 )
Financial Planning 16346 22
Lease agreement- Problem at the end of lease ( 1 2 3 )
Real Estate & Mortgages 9121 20
Something to start the weekend fun...
Have Fun! 3118 4
Dark Side of Dubai !
General 3607 4
President Obama's speech at Cairo University ( 1 2 )
General 1791 7
The Best Answers to Tough Interview Questions ( 1 2 3 4 )
Jobs 10354 24
Retire in India ( 1 2 3 4 )
Financial Planning 12802 27
TN Visa to Green Card ( 1 2 3 4 5 )
USA 9393 31
What to do with RRSP? Need advice ( 1 2 3 ... Last )
Financial Planning 19631 44
Arriving In Vancouver - Immigrants Journey To Canada as a PR-Aditi Kashikar
Where to settle 4996 2
WHODATHUNKIT ( 1 2 3 )
General 9107 17
RRSP withdrawal if moving back to India.
Financial Planning 3019 3
BUY USA,UK,CANADA,JAPAN,GENUINE CITIZENSHIP Whatsapp) +44 7925534811)
Citizenship 344 0
Whatsapp) +44 7925534811 Trusted way to Apply for genuine DATABASE VISA
USA and other countries 1012 0
BUY GENUINE CANADIAN CITIZENSHIP WhatsApp:+44 79255 34811
Canadian Sakhi 527 0
 


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.