| View previous topic :: View next topic |
| Author |
Message |
mr. bojangles
Joined: 23 Oct 2009
|
 Posted: Sun Nov 06, 2011 3:00 am Post subject: Tax Refund (Canada) |
 |
|
As a Canadian working at a hagwon, do I get a tax exemption and get a tax refund for all the income taxes from my pay cheque?
For example, if I paid around 25,000 KRW each month in taxes for 2 years (25 x 12 x 2), the total would be 600,000 KRW. Do I get that back?
If so, where do you go to get the tax refund? Immigration office or can it be done at the Pension office?
Thanks! |
|
| Back to top |
|
 |
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Sun Nov 06, 2011 4:28 am Post subject: Re: Tax Refund (Canada) |
|
|
| mr. bojangles wrote: |
As a Canadian working at a hagwon, do I get a tax exemption and get a tax refund for all the income taxes from my pay cheque?
For example, if I paid around 25,000 KRW each month in taxes for 2 years (25 x 12 x 2), the total would be 600,000 KRW. Do I get that back?
If so, where do you go to get the tax refund? Immigration office or can it be done at the Pension office?
Thanks! |
Your employer should have filed your taxes on your behalf each year (provided of course he was actually remitting your taxes).
contact the foreign tax advocate at the NTS for more information.
http://www.nts.go.kr/eng/help/help_01.asp?top_code=H001&sub_code=HS01&ssub_code=HSA1 (link on the left menu).
. |
|
| Back to top |
|
|
Guajiro
Joined: 04 Dec 2008
|
| Posted: Sun Nov 06, 2011 4:29 am Post subject: Re: Tax Refund (Canada) |
|
|
| mr. bojangles wrote: |
As a Canadian working at a hagwon, do I get a tax exemption and get a tax refund for all the income taxes from my pay cheque?
For example, if I paid around 25,000 KRW each month in taxes for 2 years (25 x 12 x 2), the total would be 600,000 KRW. Do I get that back?
If so, where do you go to get the tax refund? Immigration office or can it be done at the Pension office?
Thanks! |
You can file for non-residency in Canada for the tax year and not pay Canadian taxes too: http://www.cra-arc.gc.ca/tx/nnrsdnts/ndvdls/nnrs-eng.html
While Native English Speaking Teachers are not required to pay income tax for the first two years of working in Korea according to "Double Taxation Exemption Agreement", unfortunately Canadian and Irish teachers don't qualify for this exemption as far as I know. |
|
| Back to top |
|
|
Seoul'n'Corea
Joined: 06 Nov 2008
|
| Posted: Sun Nov 06, 2011 1:57 pm Post subject: Re: Tax Refund (Canada) |
|
|
[quote="Guajiro"]
| mr. bojangles wrote: |
As a Canadian working at a hagwon, do I get a tax exemption and get a tax refund for all the income taxes from my pay cheque?
For example, if I paid around 25,000 KRW each month in taxes for 2 years (25 x 12 x 2), the total would be 600,000 KRW. Do I get that back?
If so, where do you go to get the tax refund? Immigration office or can it be done at the Pension office?
Thanks! |
You can file for non-residency in Canada for the tax year and not pay Canadian taxes too: http://www.cra-arc.gc.ca/tx/nnrsdnts/ndvdls/nnrs-eng.html
Yes, Canadians qualify for tax refund. I just got 15,678,000 in March from my 3 years working in Seoul. You have to go to the local tax office to get your remittance. This is YOUR right and obligation to get this.
Btw, we as Canadians are exempt from Canadian income tax as we are already paying Korean tax as per the 2006 agreement.
While Native English Speaking Teachers are not required to pay income tax for the first two years of working in Korea according to "Double Taxation Exemption Agreement", unfortunately Canadian and Irish teachers don't qualify for this exemption as far as I know. |
|
| Back to top |
|
|
Seoul'n'Corea
Joined: 06 Nov 2008
|
| Posted: Sun Nov 06, 2011 1:59 pm Post subject: Re: Tax Refund (Canada) |
|
|
[quote="Seoul'n'Corea"][quote="Guajiro"]
| mr. bojangles wrote: |
As a Canadian working at a hagwon, do I get a tax exemption and get a tax refund for all the income taxes from my pay cheque?
For example, if I paid around 25,000 KRW each month in taxes for 2 years (25 x 12 x 2), the total would be 600,000 KRW. Do I get that back?
If so, where do you go to get the tax refund? Immigration office or can it be done at the Pension office?
Thanks! |
Yes, Canadians qualify for tax refund. I just got 15,678,000 in March from my 3 years working in Seoul. You have to go to the local tax office to get your remittance. This is YOUR right and obligation to get this.
Btw, we as Canadians are exempt from Canadian income tax as we are already paying Korean tax as per the 2006 agreement. |
|
| Back to top |
|
|
Guajiro
Joined: 04 Dec 2008
|
| Posted: Sun Nov 06, 2011 4:07 pm Post subject: Re: Tax Refund (Canada) |
|
|
[quote="Seoul'n'Corea"][quote="Seoul'n'Corea"]
| Guajiro wrote: |
| mr. bojangles wrote: |
As a Canadian working at a hagwon, do I get a tax exemption and get a tax refund for all the income taxes from my pay cheque?
For example, if I paid around 25,000 KRW each month in taxes for 2 years (25 x 12 x 2), the total would be 600,000 KRW. Do I get that back?
If so, where do you go to get the tax refund? Immigration office or can it be done at the Pension office?
Thanks! |
Yes, Canadians qualify for tax refund. I just got 15,678,000 in March from my 3 years working in Seoul. You have to go to the local tax office to get your remittance. This is YOUR right and obligation to get this.
Btw, we as Canadians are exempt from Canadian income tax as we are already paying Korean tax as per the 2006 agreement. |
Well that's good to know. I was told otherwise. |
|
| Back to top |
|
|
TL
Joined: 30 Mar 2008
|
| Posted: Sun Nov 06, 2011 7:03 pm Post subject: |
|
|
| That means Canadians get a pension refund and a tax refund when they leave Korea? |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Sun Nov 06, 2011 8:58 pm Post subject: |
|
|
| TL wrote: |
| That means Canadians get a pension refund and a tax refund when they leave Korea? |
As a Canadian you get a refund of tax overpayment. You are NOT tax exempt.
You (or your employer on your behalf) should have filed your tax return every year (if they were being honest and not pocketing it).
Some other countries are tax exempt for the first 2 years if they work for a PS or public university.
Yes, you get a full refund of your pension contributions for your time in Korea when you leave Korea.
. |
|
| Back to top |
|
|
mr. bojangles
Joined: 23 Oct 2009
|
| Posted: Wed Nov 09, 2011 12:12 am Post subject: |
|
|
Thanks for all the info.
It appears that there is some confusion when it comes to Canadians receiving a tax refund and if we are tax exempt.
Seoul'n'Corea says:
Yes, Canadians qualify for tax refund. I just got 15,678,000 in March from my 3 years working in Seoul. You have to go to the local tax office to get your remittance.
You got over 15 million won from a tax refund after 3 years of working? That can't be right. Do you mean you got 15 million for a pension refund? |
|
| Back to top |
|
|
schwa
Joined: 18 Jan 2003
Location: Yap
|
| Posted: Wed Nov 09, 2011 1:24 am Post subject: |
|
|
| Seoul'n'Corea is full of it. Reiterating ttom: Canadian teachers are not exempt from Korean taxes. The only refund you can receive from the Korean tax dept is overpayment of taxes, same way it works in Canada, after you file at the end of the year. His assertions are wrong & his numbers are ridiculous. |
|
| Back to top |
|
|
Seoul'n'Corea
Joined: 06 Nov 2008
|
| Posted: Wed Nov 09, 2011 1:35 am Post subject: |
|
|
| schwa wrote: |
| Seoul'n'Corea is full of it. Reiterating ttom: Canadian teachers are not exempt from Korean taxes. The only refund you can receive from the Korean tax dept is overpayment of taxes, same way it works in Canada, after you file at the end of the year. His assertions are wrong & his numbers are ridiculous. |
Never said that.... Canadians are charged the 10% Korean tax and then we get it back when we leave the country as a "pension".
Some of you are downright stupid! We get back our tax when we leave.
The taxes we are exempt from are Canadian taxes, that's a whole other story. |
|
| Back to top |
|
|
schwa
Joined: 18 Jan 2003
Location: Yap
|
| Posted: Wed Nov 09, 2011 2:04 am Post subject: |
|
|
| Seoul'n'Corea wrote: |
Canadians are charged the 10% Korean tax and then we get it back when we leave the country as a "pension".
...We get back our tax when we leave.
The taxes we are exempt from are Canadian taxes, that's a whole other story. |
More nonsense. Tax & pension are totally distinct & its not that hard to understand them & call them by their correct names. Seoul'n'Corea's information about exemption from Canadian taxes is also simplistic & misleading.
Seriously, people, dont listen to this guy. [I'm smelling a troll.] |
|
| Back to top |
|
|
Wildbore
Joined: 17 Jun 2009
|
| Posted: Wed Nov 09, 2011 3:10 am Post subject: |
|
|
| Seoul'n'Corea wrote: |
| schwa wrote: |
| Seoul'n'Corea is full of it. Reiterating ttom: Canadian teachers are not exempt from Korean taxes. The only refund you can receive from the Korean tax dept is overpayment of taxes, same way it works in Canada, after you file at the end of the year. His assertions are wrong & his numbers are ridiculous. |
Never said that.... Canadians are charged the 10% Korean tax and then we get it back when we leave the country as a "pension".
Some of you are downright stupid! We get back our tax when we leave.
The taxes we are exempt from are Canadian taxes, that's a whole other story. |
It's 4.5% payroll deduction (tax), which the employer matches for a total pension contribution of 9%.
Because of a treaty, the money is refunded when the worker leaves Korea.
It really has nothing to do with income tax which is what we are discussing here. |
|
| Back to top |
|
|
dbtm
Joined: 24 Sep 2010
Location: ottawa
|
| Posted: Fri Nov 11, 2011 5:21 pm Post subject: |
|
|
How can you have a 4 year university degree and not understand the difference between pension and income tax? You are an embarassment to all Canadians.
Do not take advice from people on the internet about applying for "non-residency" in Canada. Only a licensed accountant is qualified to give you that sort of advice and you are putting yourself in real danger if you don't seek the advice of one.
Thank god for ttompatz. |
|
| Back to top |
|
|
Guajiro
Joined: 04 Dec 2008
|
| Posted: Fri Nov 11, 2011 5:57 pm Post subject: |
|
|
| dbtm wrote: |
How can you have a 4 year university degree and not understand the difference between pension and income tax? You are an embarassment to all Canadians.
Do not take advice from people on the internet about applying for "non-residency" in Canada. Only a licensed accountant is qualified to give you that sort of advice and you are putting yourself in real danger if you don't seek the advice of one.
Thank god for ttompatz. |
I provided a link to the Revenue Canada website, which outlines who may qualify for non-residency status and offers basic income tax rules that apply to non-residents of Canada.
I am in no way pretending to be an accountant or advise people on how they should handle their tax returns. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
