khairyexpat
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- Apr 28, 2013
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Chaya, I`ve got the perfect plan for you:
This works as follows:
As a Non-Resident Canadian, your tax obligation is on Canadian earned income ONLY.
You have ZERO obligation to CRA on your Non-Canadian World Income (in your case, ALL your USA Income ... sky is the limit).
Your tax haven residence country will welcome you with ZERO tax.
NOT A PENNY in taxes ... all perfectly legal !!!
(never mind double and triple taxation)
What`d you say ... eh?
N.B.;
If as a Non-Resident Australian you have ZERO tax obligation on Non-Australian World Income, then skip steps 1 and 2.
Only step 3 applies.
For Tax purposes:
Resident = more than 183 day/year in Canada.
CRA Obligation = World Income.
Deemed Resident = Less than 183 days/year in Canada + Working for the government abroad + have residential ties.
CRA Obligation = World Income.
Deemed Non-Resident = Deemed resident + have no residential ties.
CRA Obligation = ONLY Canadian earned Income.
Non-Resident = Resident in other country more than 183 days/year + have no residential ties.
CRA Obligation = ONLY Canadian earned Income.
1. Take up Canadian Citizenship.
2. Renounce your Australian Citizenship.
3. Take up legal residency in one of the tax haven countries.
This works as follows:
As a Non-Resident Canadian, your tax obligation is on Canadian earned income ONLY.
You have ZERO obligation to CRA on your Non-Canadian World Income (in your case, ALL your USA Income ... sky is the limit).
Your tax haven residence country will welcome you with ZERO tax.
NOT A PENNY in taxes ... all perfectly legal !!!
(never mind double and triple taxation)
What`d you say ... eh?
N.B.;
If as a Non-Resident Australian you have ZERO tax obligation on Non-Australian World Income, then skip steps 1 and 2.
Only step 3 applies.
For Tax purposes:
Resident = more than 183 day/year in Canada.
CRA Obligation = World Income.
Deemed Resident = Less than 183 days/year in Canada + Working for the government abroad + have residential ties.
CRA Obligation = World Income.
Deemed Non-Resident = Deemed resident + have no residential ties.
CRA Obligation = ONLY Canadian earned Income.
Non-Resident = Resident in other country more than 183 days/year + have no residential ties.
CRA Obligation = ONLY Canadian earned Income.