Korean Job Discussion Forums

[steelhead]

So, Im hoping to hear from people in similar situations and or been there done that.

Currently Ive been here for 2 1/2 years, done the hagwan thing, various other things, and now Im settling into my public school job.

However, Im starting to wonder about sending money home and those sneeky Canada Revenue people.

Ive been lucky enough to pay off about 35k of my student loans... almost there 5k left.(most of it from a lucrative online poker career )

PReviously I as sending money home via the gf, but she has maxed out her 10k.

SInce Ive been here Ive only had my passport stamped once from sending money home. I dont really feel like getting my a$$ handed to me in to by the tax people when I finally return home.

So Question 1

How is non residency measured? I know its changed in tthat last while. And I know what Ive read. Now theory and practice are 2 entirely different things. I know it comes down to a checklist of ties to Canada. (ie bank accounts, land, rrsps, credit cards, drivers license)

I have a bank account, my credit card has expired, my drivers Lic will expire,and I dont own anything in canada except some debt, and some mutual funds.

How am I looking?Korean or Canadian?

Question 2: what would be the best way to send money home now without raising any eyebrows? Ive considered just sending the money myself.....Id be maxed out for the year. Ive considered converting to US and sending as travellers cheques, depositing into my US currency account and sitting on it.

So many questions so little answers

Any opinions/experience?

[peppermint]

I'd say Canadian citizen, but Korean resident- meaning you're probably in the clear for taxes. They decided I was a non resident at the customs booth in Toronto airport based on the fact that I'd been in Korea for a year and a half and was planning to return to Korea after a month.

As for the money transferring thing- if there's someone you trust in Canada, get an international bank card for your Korean account, and mail it to them.

[steelhead]

Whats the maximum that people back home can take out at a time?

Im afraid that if say its like 600, and i get dinged for a 5$ withdrawl, and an atrocious exchange rate.......it wont be worth it.......... and get raped from every end....

Have you tried it?

[peppermint]

I used to do the bank thing, but decided I needed the international card for travel myself. How much you can withdraw at a time depends on the ATM, but I think it's usually around a thousand.