tax info

[kris1760]

Hi!

If a landed immigrant stays out of canada, is he needs to pay
tax on income earned out side canada.How to avoid double taxation.

 

[vault]

Originally posted by kris1760
Hi!

If a landed immigrant stays out of canada, is he needs to pay
tax on income earned out side canada.How to avoid double taxation.

Technically/Legally/Per CCRA, you have to pay taxes on your world wide income. If you do not want to pay taxes, then you will have to fill out a form, (I can't remember the number right now), and send it to CCRA. They will determine your residency status and tell you if you have to pay taxes or not.
Ofcourse, you are going to see difference of opinion on this topic.

This topic has been discussed on this form manytimes!!