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Young FRANKenstein

Joined: 02 Oct 2006 Location: Castle Frankenstein (that's FRONKensteen)
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tigercat

Joined: 10 Oct 2008
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Posted: Thu Mar 05, 2009 4:41 am Post subject: |
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Wow.
I should start a petition to give Canadians higher salary since we have to pay income tax in Canada and Americans don't have to pay tax for 2 years...  |
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Tobias

Joined: 02 Jun 2008
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Posted: Thu Mar 05, 2009 6:24 am Post subject: |
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| tigercat wrote: |
Wow.
I should start a petition to give Canadians higher salary since we have to pay income tax in Canada and Americans don't have to pay tax for 2 years... :lol: |
Canada should allow Koreans to go to Canada nad work the first two years tax-free like the US does.
Won at 11 BILLION to 1 dollar by July (worry worry worry worry worry...) |
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Big Mac
Joined: 17 Sep 2005
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Posted: Thu Mar 05, 2009 6:43 am Post subject: |
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| tigercat wrote: |
Wow.
I should start a petition to give Canadians higher salary since we have to pay income tax in Canada and Americans don't have to pay tax for 2 years...  |
Who says you have to pay tax in Canada? I never have.
As long as you don't own property or have children in Canada, you don't have to claim your overseas earnings on your Canadian tax return. You have to pay tax here, but not in Canada.
If you do claim your earnings in Canada, you're simply throwing your money away.
I mailed out my tax return today and I put "0" in all the boxes. I've done that every year since I've been here and Revenue Canada just sends me back an assessment with "0" on it and all is good. |
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tigercat

Joined: 10 Oct 2008
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Posted: Thu Mar 05, 2009 7:03 am Post subject: |
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| Big Mac wrote: |
| tigercat wrote: |
Wow.
I should start a petition to give Canadians higher salary since we have to pay income tax in Canada and Americans don't have to pay tax for 2 years...  |
Who says you have to pay tax in Canada? I never have.
As long as you don't own property or have children in Canada, you don't have to claim your overseas earnings on your Canadian tax return. You have to pay tax here, but not in Canada.
If you do claim your earnings in Canada, you're simply throwing your money away.
I mailed out my tax return today and I put "0" in all the boxes. I've done that every year since I've been here and Revenue Canada just sends me back an assessment with "0" on it and all is good. |
I know that I can write "0", but aren't we legally supposed to pay tax unless we declare as non-resident? |
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Dude Ranch

Joined: 04 Nov 2008
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Posted: Thu Mar 05, 2009 8:14 am Post subject: |
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Canada has a global system meaning that you pay taxes to whatever country you live in... in this case we pay to korea
america on the otherhand is the opposite, they pay taxes to the american government no matter where they live in the world |
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azzwell
Joined: 15 Jan 2003 Location: where the girls from Super Junior cannot find me
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Posted: Thu Mar 05, 2009 8:19 am Post subject: |
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Why do people constantly give the wrong info? If you do not know what you are talking about, stay quiet.
For Americans who read this, we have to file but you have an exemption of 82500. If you make more than that abroad you have to pay taxes and if you do make more than that doing ESL in Korea, please let me have your job. |
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losing_touch

Joined: 26 Jun 2008 Location: Ulsan - I think!
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Posted: Thu Mar 05, 2009 8:41 am Post subject: |
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| Dude Ranch wrote: |
Canada has a global system meaning that you pay taxes to whatever country you live in... in this case we pay to korea
america on the otherhand is the opposite, they pay taxes to the american government no matter where they live in the world |
You clearly have no freaking idea what you are talking about. Yes, we still file taxes, but that doesn't mean we have to pay. |
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bassexpander
Joined: 13 Sep 2007 Location: Someplace you'd rather be.
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Posted: Thu Mar 05, 2009 2:16 pm Post subject: |
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...and I know from a fact that UK people spread peanut butter on children and eat them for dinner.
Sorry guys, but you're wrong.
Americans must file taxes, but are exempt from the first $85,000 they make overseas. When I make around 7 million won per month teaching English, I'll start worrying about it (depends on the exchange rate of course). |
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Young FRANKenstein

Joined: 02 Oct 2006 Location: Castle Frankenstein (that's FRONKensteen)
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Posted: Thu Mar 05, 2009 4:26 pm Post subject: |
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| Dude Ranch wrote: |
| Canada has a global system meaning that you pay taxes to whatever country you live in... |
Only if you are still a resident of Canada. I am not. |
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madoka

Joined: 27 Mar 2008
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Posted: Thu Mar 05, 2009 4:55 pm Post subject: |
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| bassexpander wrote: |
| ...and I know from a fact that UK people spread peanut butter on children and eat them for dinner. |
Now that the mods removed the racist post from martinpil, your response makes no sense.  |
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