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Newbie
Joined: 07 Feb 2003
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 Posted: Fri May 26, 2006 12:24 am Post subject: New Canadian/Korean tax agreement??? |
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Anybody hear anything about this? A co-worker of mine told me that as of very recently, Canadians no longer need to pay taxes on income earned in Korea (not just non-residents anymore  )
Before anyone says "why don't you check with the CCRA website .... Yes, I could try to find some info from the CCRA but I think we all know how difficult it is to find stuff on gov't website. Just figured someone here might have a nice answer for me. |
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schwa
Joined: 18 Jan 2003
Location: Yap
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| Posted: Fri May 26, 2006 12:48 am Post subject: |
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Sounds like wishful thinking.
If you check the Canada Revenue page for news & developments theres nothing new regarding Korea in over 2 years. (The page is complete & up-to-date -- it has information concerning tax treaties with other countries dated yesterday.) |
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Antrugha
Joined: 05 Jan 2006
Location: On a 2-wheeled engine
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| Posted: Fri May 26, 2006 1:31 am Post subject: |
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| how do you get non-resident status? tried a search and nothing comes up |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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ekim
Joined: 27 Apr 2006
Location: Ansan, Korea
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| Posted: Fri May 26, 2006 2:01 am Post subject: non-residence application form |
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This link takes you directly to the form you download:
http://www.cra-arc.gc.ca/E/pbg/tf/nr73/nr73-04e.pdf
Here's the page with the general information:
http://www.cra-arc.gc.ca/tax/nonresidents/individuals/leaving-e.html
It takes a while to find all this stuff, cuz if you type "non-residence" along with "status", "application", or something else in the search it takes you through a web of information.
If you type NR73, which is the name of this application, you find it immediately. Even though it's supposed to be filled out before you leave, you can do it from here, too. I did twice - *bleep*'d up the first one. |
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schwa
Joined: 18 Jan 2003
Location: Yap
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denverdeath
Joined: 21 May 2005
Location: Boo-sahn
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| Posted: Fri May 26, 2006 2:07 am Post subject: |
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| Antrugha wrote: |
| how do you get non-resident status? tried a search and nothing comes up |
You can get some details here:
http://www.cra-arc.gc.ca/tax/nonresidents/common/residency-e.html
There's a form that you fill out and submit along with your regular forms. Time out of country and ties are the main factors that are considered for the year under consideration.
You can also look at details of tax treaties Korea has with other countries from here:
http://www.nts.go.kr/eng/default.html (click on "Tax Treaty" then "Canada") - Doesn't look like there are any recent changes, but I could be wrong.
...guess this has become a triple-post of the same info... |
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Homer
Guest
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| Posted: Fri May 26, 2006 4:14 am Post subject: |
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Follow the schwa link.
It covers the issue well.
Also there are ways around primary and secondary ties...i.e. you do not need to seel everything...sometimes a name transfer suffices. |
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polarbearbrad
Joined: 06 Dec 2004
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| Posted: Sun May 28, 2006 4:07 pm Post subject: |
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My accountant royally screwed me the last two years, has anyone tried to make things retroactive?
PBB |
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crazylemongirl
Joined: 23 Mar 2003
Location: almost there...
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| Posted: Sun May 28, 2006 5:31 pm Post subject: |
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I left Canada when I was two no taxes to pay for me hahahahha 
However I will collect my pension when I leave |
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