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Canadian Tax Time!!!
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pocariboy73



Joined: 23 Jan 2003

PostPosted: Thu Apr 13, 2006 9:34 pm    Post subject: Reply with quote

Kathycanuck, thanks for your informative response. No wonder most people refrian from posting serious questions on this forum with comments like yours.
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peppermint



Joined: 13 May 2003
Location: traversing the minefields of caddishness.

PostPosted: Thu Apr 13, 2006 10:38 pm    Post subject: Reply with quote

Pocariboy, the form is NR73, and you can print it from here


http://www.cra-arc.gc.ca/E/pbg/tf/nr73/README.html
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pocariboy73



Joined: 23 Jan 2003

PostPosted: Thu Apr 13, 2006 11:31 pm    Post subject: Reply with quote

Thanks Pepermint for your response.

I've looked at that form before and I get the impression its basically used for personal use or if your're not sure whether you in fact fall into the catagory of Non-Resident. If one is not sure, he/she can fill it out and send it to the tax authorities. However, within Revenue Canada's website, it states that:

Taxpayers who plan to leave or have left Canada, either permanently or temporarily, should consider completing Form NR73, Determination of Residency Status (Leaving Canada), which can be found on the CCRA's website (www.ccra.gc.ca) or ordered from any Tax Services Office. Taxpayers who have entered or sojourned in Canada during the year should consider completing Form NR74, Determination of Residency Status (Entering Canada), which can be similarly obtained. Once completed, Form NR73 or NR74, as applicable, should be mailed to the address given above or faxed to (613) 941-2505. In most cases, the CCRA will be able to provide an opinion regarding a taxpayer's residence status from the information recorded on the completed form. This opinion is based entirely on the facts provided by the taxpayer to the CCRA in Form NR73 or NR74, as applicable, therefore, it is critical that the taxpayer provide all of the details concerning his or her residential ties with Canada and abroad. This opinion is not binding on the CCRA and may be subject to a more detailed review at a later date and supporting documentation may be required at that time.


Notice how it says "should consider"; not MUST or HAVE TO and it also says its just there opinion. I get the impression that filling out this form is for people who don't know where they fit in. It's not binding

My question is, i I already know I'm a non-resident, do I still need to fill out that stuff and send it in?


Last edited by pocariboy73 on Thu Apr 13, 2006 11:46 pm; edited 2 times in total
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laogaiguk



Joined: 06 Dec 2005
Location: somewhere in Korea

PostPosted: Thu Apr 13, 2006 11:37 pm    Post subject: Reply with quote

pocariboy73 wrote:
Thanks Pepermint for your response.

I've looked at that form before and I get the impression its basically used for personal use or if your're not sure whether you in fact fall into the catagory of Non-Resident. If one is not sure, he/she can fill it out and send it to the tax authorities. However, within Revenue Canada's website, it states that:

Taxpayers who plan to leave or have left Canada, either permanently or temporarily, should consider completing Form NR73, Determination of Residency Status (Leaving Canada), which can be found on the CCRA's website (www.ccra.gc.ca) or ordered from any Tax Services Office. Taxpayers who have entered or sojourned in Canada during the year should consider completing Form NR74, Determination of Residency Status (Entering Canada), which can be similarly obtained. Once completed, Form NR73 or NR74, as applicable, should be mailed to the address given above or faxed to (613) 941-2505. In most cases, the CCRA will be able to provide an opinion regarding a taxpayer's residence status from the information recorded on the completed form. This opinion is based entirely on the facts provided by the taxpayer to the CCRA in Form NR73 or NR74, as applicable, therefore, it is critical that the taxpayer provide all of the details concerning his or her residential ties with Canada and abroad. This opinion is not binding on the CCRA and may be subject to a more detailed review at a later date and supporting documentation may be required at that time.


Notice how it says "should" and it also says its just there opinion. I get the impression that filling out this form is for people who don't know where they fit in.

My question is, i I already know I'm a non-resident, do I still need to fill out that stuff and send it in?


I did just for the hell of it. Doesn't take too much time, and having the letter they send you back might help later on. Might not, but not a big deal Smile
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TOGirl



Joined: 16 Jan 2006
Location: Seoul

PostPosted: Fri Apr 14, 2006 3:30 am    Post subject: Reply with quote

I sent in the form last year and received the non-residency letter and then took it to my accountant this tax season.

Obviously Revenue Canada has this letter and my status on file so this means that I am "officially" a non-resident and don't have to pay taxes.

You can use the form to see if you qualify but you have to send it in and receive the letter back for it to be official so if I were you I would fill it out and send it in and wait for the letter...it takes a while.
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joyfulgirl



Joined: 05 Jan 2006

PostPosted: Fri Apr 14, 2006 3:44 am    Post subject: Reply with quote

oh lord...am i gonna be in big trouble when i go back? i just left over 2 years ago, and filed no nr738337etc. forms. and have not filed taxes there since. have no property and stuff there, but a bank account, and a driver's license. oh well. hopefully, it'll all come out in the wash. it really should all be much easier than this.
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Homer
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PostPosted: Fri Apr 14, 2006 3:46 am    Post subject: Reply with quote

double post!

Last edited by Homer on Fri Apr 14, 2006 3:48 am; edited 1 time in total
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Homer
Guest




PostPosted: Fri Apr 14, 2006 3:46 am    Post subject: Reply with quote

My accountant a few years ago (and last night after I called him) told me that if you pay taxes in Korea on your income and earned no revenue in Canada, and have no ties to canada beyond a few (ex: bank account, one RSSP and credit card) you do not have to file or pay income tax in Canada. He also told me that when you earn under a certain amount you do not have to file at all since you owe them nothing!

I then contacted revenue Canada and was told my income tax records was squeeky clean as far as they are concerned and that I did not need to file. Then again, I declared myself a non-resident a few years back.

If you absolutely want to pay income tax in Canada however, I am sure you can find a way to do so and that they will gladly accept your foreign earned money! Laughing Wink Laughing
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Captain Corea



Joined: 28 Feb 2005
Location: Seoul

PostPosted: Fri Apr 14, 2006 5:46 am    Post subject: Reply with quote

I'm pretty sure that non-residency paper doesn't mean squat. They can recind that at any time. I'm not sure it is of any guarantee.
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chronicpride



Joined: 16 Jan 2003

PostPosted: Sun Apr 16, 2006 8:04 am    Post subject: Reply with quote

This thread again? Well, I suppose it's been a few months anyways....

http://wiki.galbijim.com/Tax_issues_for_Canadian_expats
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feelgood.inc



Joined: 27 Mar 2006
Location: Quebec

PostPosted: Sun Apr 16, 2006 8:31 am    Post subject: Reply with quote

I think you can still file for non-residency even after living in a foreign country.

While you are in Korea or even when you get home to Canada I think you can still file for non-residency during the time period you were away.

This should work as long as you don't have rrsp's or investments etc....

look into it i guess
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