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itiswhatitis
Joined: 08 Aug 2011
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 Posted: Wed Feb 10, 2016 6:14 am Post subject: Canadian investments/income taxes filing |
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Since 2007 I have taught in South Korea and China.
As a Canadian the Non resident status form is not required and I have not filed taxes since 2007.
I have been paying off debt and in the near future I will have money to invest.
There must be many Canadians in the same position.......
I wonder about some investment ideas (with non-Canadian banks?) or if I can have some investments with Canadian banks and earn interest and not have to file taxes.
Best wishes |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Feb 10, 2016 3:18 pm Post subject: Re: Canadian investments/income taxes filing |
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| itiswhatitis wrote: |
Since 2007 I have taught in South Korea and China.
As a Canadian the Non resident status form is not required and I have not filed taxes since 2007.
I have been paying off debt and in the near future I will have money to invest.
There must be many Canadians in the same position.......
I wonder about some investment ideas (with non-Canadian banks?) or if I can have some investments with Canadian banks and earn interest and not have to file taxes.
Best wishes |
IF you have investments in Canada then you will be taxed at the non-resident rate (25%) and will have to file a tax return each year.
IF you wish to stay untaxed and untaxable in Canada then keep your investments off-shore as well.
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jlb
Joined: 18 Sep 2003
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| Posted: Thu Feb 11, 2016 3:53 pm Post subject: |
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| Check out Interactive Brokers. It's best to keep stuff out of Canada if you're going to be abroad for a while. |
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