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Girlygirl
Joined: 31 Oct 2008
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 Posted: Wed Feb 11, 2009 6:40 pm Post subject: Taxes for Canadians |
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Just wanna give you all a heads-up about taxes for those who do not declare non-residency. So today I went and filed my 2007 income tax as I'm home at the moment. Yeah I know it's late. Damn I owe the government over $1200 CND (including interests) Ouch!  Since I have ties back home, I can't be non-resident. Any Canadians here pay taxes in both countries? Is there a way to avoid this other than declaring non-residency? Thanks a bunch. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Wed Feb 11, 2009 11:42 pm Post subject: Re: Taxes for Canadians |
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| Girlygirl wrote: |
| Just wanna give you all a heads-up about taxes for those who do not declare non-residency. So today I went and filed my 2007 income tax as I'm home at the moment. Yeah I know it's late. Damn I owe the government over $1200 CND (including interests) Ouch! Since I have ties back home, I can't be non-resident. Any Canadians here pay taxes in both countries? Is there a way to avoid this other than declaring non-residency? Thanks a bunch. |
As regarding the heads-up JFYI declaring non-residency does not have the force of law behind it.
What actually happens is that you fill in a form and then you get an OPINION from Rev. Canada about whether you are a resident or not. This opinion is not legally binding and can be reversed at any time they see fit.
So whether you declare non-residency or not it has no bearing on whether you pay taxes or not. It is the number and primacy of ties you have.
As regarding your situation the only way you can escape paying Canadian tax is to be unemployed/on welfare or become a citizen of another country.  |
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okokok
Joined: 27 Aug 2006
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| Posted: Thu Feb 12, 2009 4:12 am Post subject: |
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| ^ or just never go back |
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some waygug-in
Joined: 25 Jan 2003
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| Posted: Thu Feb 12, 2009 3:53 pm Post subject: |
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I want to go back, but this is my greatest fear. The gov't will decide that I have to give them every cent I've managed to save over the years and then some.
Is Canada the only country in the world that does this?
Other countries allow their citizens to earn substantial amounts outside their boarders and be free from the tax man.
Americans can earn up to $83,000 I believe.
What the hell is wrong with Canada? |
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mayorgc
Joined: 19 Oct 2008
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| Posted: Thu Feb 12, 2009 4:11 pm Post subject: |
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| can we just file our taxes through the revenue Canada website? Is it a simple procedure? |
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Girlygirl
Joined: 31 Oct 2008
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| Posted: Fri Feb 13, 2009 6:55 am Post subject: |
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Thanks for the advice everyone. The purpose of my post is to warn all of you that if you do NOT file your taxes while working abroad is that the CRA might chase after you for a large lump sum of penalty and interests when you do return to Canada. So if you want to avoid that, I recommend you file your income tax every year, even if you don't have ties (house, car, etc) back home.
Do not go back to Canada is not a good choice for me. Korea or Asia is only a short journey in my life, Canada is still my home. Besides, my parents need to see me at least once a year since I'm their only child.
My other question is: do you think I should buy RRSP or this will put me in deeper ties?
Thanks again. |
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