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pegpig
Joined: 10 May 2005
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 Posted: Tue Dec 13, 2005 11:32 am Post subject: Re: Do I still pay the same tax rate as at home? |
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| Forbsey wrote: |
| My friend over here (who is also going over) says she talked to an accountant and that he told her that foreign teachers still pay the same amount of taxes off their cheques in Korea as they would in Cananda. He basically stated that unless you become an emigrant, foreign teachers pay taxes to both Korea and Canada. |
I sure hope that accountant isn't too busy. |
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The Lemon
Joined: 11 Jan 2003
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| Posted: Wed Dec 14, 2005 2:47 pm Post subject: |
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| peppermint wrote: |
related question. I have never filed for taxes in Korea, but according to the guy at the tax office here, that's not a problem as my employer probably did it for me(?!!!!)
Is there any chance Revenue Canada would require proof that I paid taxes here? |
If you're a non-resident, there's no reason why the CCRA would care if you paid income tax to the Koreans or not. I live in a country where there's *no* local income tax, and this has no bearing on my non-residence status with Canada.
The only people who would be concerned about whether you've paid into South Korean tax are the South Koreans.
However, there is the related issue that you brought up in your post earlier in the thread - if the Canadians say you're still a resident and want money on your Korean earnings, you can subtract what you've paid to the South Koreans from your Canadian tax bill. This is one of the main effects of the much understood "tax treaty". |
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pegpig
Joined: 10 May 2005
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| Posted: Wed Dec 14, 2005 8:04 pm Post subject: |
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| peppermint wrote: |
| Is there any chance Revenue Canada would require proof that I paid taxes here? |
I'd say there is a very good chance they want to see some evidence that you've paid your Korean taxes, especially if you're claiming Korean taxes on your income tax return and you're going to be paying Canadian taxes. I'd get a printout of your taxes paid from a local tax office before you leave Korea, just in case. |
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