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smedini
Joined: 02 Apr 2008
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 Posted: Fri Apr 25, 2008 7:13 am Post subject: |
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Yeah, it is retroactive. Like I said in my last post, I was in Korea for 15 months, went home on a holiday, filed at that time, and it was decided that I was a non-resident and it was retroactive to the day I left. The reason I didn't apply until I got home was because I didn't know that you could do that...I guess the government doesn't fill everyone in on it because they don't want you to know that you can be Canadian and still not pay taxes at some point 
You should sit down with your girlfriend and go over the applications you both made and see what similarities and differences there are. As one poster correctly stated, it's not just the amount of time you are out of the country. The government takes into account all sorts of things before making the decision...but if you and she are on equal footing the judgement should be the same.
~smedini |
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jay-shi
Joined: 09 May 2004
Location: On tour
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| Posted: Sat Apr 26, 2008 12:31 am Post subject: |
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| Bradley Daiquiri wrote: |
| probably the biggest reasons why i dont live in Canada anymore. Only Cant-a-da would have the balls to tax money made in another country. Or to tax things bought in another country. You guys need to have a Boston tea party. |
Well Canada is one thing with us semi-low income earners. The US IRS is much worse when it goes after the big fish earning more than 80k in another country.
My friend went through this. He's renounced his US citizenship and adopted a French one. Yet the IRS can still tax him for the next ten years, even though he's not a citizen anymore. Land of the free, yay! |
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esetters21
Joined: 30 Apr 2006
Location: Seoul
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| Posted: Sat Apr 26, 2008 12:36 am Post subject: |
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| jay-shi wrote: |
| Bradley Daiquiri wrote: |
| probably the biggest reasons why i dont live in Canada anymore. Only Cant-a-da would have the balls to tax money made in another country. Or to tax things bought in another country. You guys need to have a Boston tea party. |
Well Canada is one thing with us semi-low income earners. The US IRS is much worse when it goes after the big fish earning more than 80k in another country.
My friend went through this. He's renounced his US citizenship and adopted a French one. Yet the IRS can still tax him for the next ten years, even though he's not a citizen anymore. Land of the free, yay! |
Is that 80 grand a year or do they consider this figure no matter how long you have been abroad? I thought it was the former. |
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Ut videam
Joined: 07 Dec 2007
Location: Pocheon-si, Gyeonggi-do
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| Posted: Sat Apr 26, 2008 12:40 am Post subject: |
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| esetters21 wrote: |
| Is that 80 grand a year or do they consider this figure no matter how long you have been abroad? I thought it was the former. |
You thought right: it's the former. 80 grand per year (actually $85,700 for tax year 2007). |
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jay-shi
Joined: 09 May 2004
Location: On tour
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| Posted: Sat Apr 26, 2008 1:40 am Post subject: |
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| Ut videam wrote: |
| esetters21 wrote: |
| Is that 80 grand a year or do they consider this figure no matter how long you have been abroad? I thought it was the former. |
You thought right: it's the former. 80 grand per year (actually $85,700 for tax year 2007). |
Sorry I should have been more precise. it's 80k or as Ut indicated $85700/per year.
My friend nets close to 200k a year and the IRS is going on full force on him. Of course some of us dream of having such salaries, but when one isn't a citizen anymore and the US is still claiming tax money it makes you think...
On top of it he has to pay French taxes. |
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smedini
Joined: 02 Apr 2008
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| Posted: Sat Apr 26, 2008 3:52 am Post subject: |
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| Bradley Daiquiri wrote: |
| probably the biggest reasons why i dont live in Canada anymore. Only Cant-a-da would have the balls to tax money made in another country. Or to tax things bought in another country. You guys need to have a Boston tea party. |
I may be in the minority, but I am a Canadian that doesn't particuarly mind paying taxes, at least not when I am in Canada and enjoying the services that my taxes pay for. I just don't think it's fair to pay them when I'm gone, earning money from a non-Canadian entity, paying non-Canadian bills, paying for heath care, etc. And unlike the U.S. - which taxes after a certain point of earnings - Canada lets you off completely if you meet the requirements.
~smedini |
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Stormy
Joined: 10 Jan 2008
Location: Here & there
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| Posted: Sat Apr 26, 2008 5:15 am Post subject: Re: Hand's in my pocket |
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| jamiekarin wrote: |
| Hey, I'm leaving soon back to Canada. What is the best way to not get taxed? |
Don't go back to Canada. |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Sat Apr 26, 2008 5:21 am Post subject: |
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| Small potatoes...if that's all you're fronting then just stick it in your front pocket. |
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cornholio1
Joined: 26 Apr 2007
Location: Bupyeong
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| Posted: Sat Apr 26, 2008 6:18 am Post subject: hands in my pockets |
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| hope I'm not too late. First, I am not Canadian but, I can help just make a money order out to your self or someone in your family and just don't tell the fuzz. lately all korean banks make them and they are not technically cash or " money" they are a piece of paper and you can easily put it in your pocket, luggage, or carry it in your hand the whole time. either way you slice your not carrying money you are carrying a money voucher. so according to the lawmakers it's not required to report. Just remember don't make a single money order out for over a thousand just make the amount you need seven one thousand dollar money orders then each individual money order isn't breaking the law and they arent required to be reported to your friendly neighborhood tax office. |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Sat Apr 26, 2008 6:19 am Post subject: |
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| peppermint wrote: |
| jamiekarin wrote: |
No, I don't know for sure. I am assuming I have been denied. Or else they would have sent something letting me know like my girlfriend. There is an off chance I have been granted it. Does anyone approximately know how much I would have to pay in Canadian taxes for 1 year in korea, 2.1 salary?
I have heard of people just saying that they traveled for a year and getting away without paying taxes. Did I shoot myself in the foot for using that excuse by applying for non residency? |
I work for CRA (nothing to do with non residency though) and if you were earning that in Canada, you'd probably pay in about 4 to 5000 over the year in taxes, and get at least a few hundred of it back. Take that as your worst case scenario. Any medical expenses, interest on student loans, and tuition from previous years can be used as credits too. submit receipts and write them in on the schedules.
What you'd pay in will vary depending on which province you're from. If you've got a specific question, send me a pm and I'll try to answer. |
Beats counting cod back home, eh? |
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smedini
Joined: 02 Apr 2008
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| Posted: Sat Apr 26, 2008 12:32 pm Post subject: |
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| cornholio1 wrote: |
| hope I'm not too late. First, I am not Canadian but, I can help just make a money order out to your self or someone in your family and just don't tell the fuzz. lately all korean banks make them and they are not technically cash or " money" they are a piece of paper and you can easily put it in your pocket, luggage, or carry it in your hand the whole time. either way you slice your not carrying money you are carrying a money voucher. so according to the lawmakers it's not required to report. Just remember don't make a single money order out for over a thousand just make the amount you need seven one thousand dollar money orders then each individual money order isn't breaking the law and they arent required to be reported to your friendly neighborhood tax office. |
Nice sentiment, but the issue isn't how much cash you bring home, it's how much you earned while you are away. And BTW, money orders are still considered cash internationally and that $10,000 travel limit still applies, I believe. Nonetheless, the problem with your solution is that Canada and Korea have an international tax treaty. When you leave Korea what's to say the Korean government doesn't tell Canada what you earned and how much taxes you've paid (so Canada can charge you the difference in the event you didn't become a non-resident)? |
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