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Hatcher
Joined: 05 Jan 2007
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 Posted: Fri Mar 12, 2010 5:12 pm Post subject: Korea Canada Tax Treaty |
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| Can anyone provide some insight here? I am a non-resident and RevCan says under that condition, the rate is 25%. |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Fri Mar 12, 2010 5:18 pm Post subject: |
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huh?
If you are a non-resident of canada, why would there be any taxrate? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Mar 12, 2010 6:49 pm Post subject: Re: Korea Canada Tax Treaty |
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| Hatcher wrote: |
| Can anyone provide some insight here? I am a non-resident and RevCan says under that condition, the rate is 25%. |
That rate would be for a non-resident earning income in Canada.
As a non-resident your other worldly income is NOT taxable in Canada.
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canactuary
Joined: 09 Mar 2010
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| Posted: Sat Mar 13, 2010 2:27 am Post subject: |
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As a non-resident of Canada, you should not be taxed on your worldwide income (outside Canada). I've confirmed this with my accountant along with my accountant friends. I have a nice tax book "Canadian Taxation of Non-Residents" (http://www.cch.ca/product.aspx?WebID=2729) that you may want to get your hands on which explains almost everything.
I made sure I cut all primary ties with Canada (ie. sell my house) and luckily I do not have a spouse or kids. I did all this for the sole reason to avoid paying tax to Canada, which of course is steep.
The great thing is that in the event that I do end up moving back to Canada, there is no problem with restarting as a resident.
Hope this helps. |
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brento1138
Joined: 17 Nov 2004
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| Posted: Sat Mar 13, 2010 8:36 am Post subject: |
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I've been back to Canada, had a job there for a while (part time), and am/was still considered a non-resident for 'tax purposes.' The only tax I had to pay was on the income earned in Canada. But it wasn't so bad, considering I only earned a certain amount of income there...
Now back in Korea, still a non-resident for tax purposes, and paying 0% Canadian tax.
Works out well. |
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