Hi folks, If anybody from the US is doing (or has done) contract work in Canada, I would like to get some advice.
My main question is...for the same income I might have here in the US vs in Canada, is there a significant difference in how much I will lose to taxes? I realize there are a lot of if, and and buts, but I am just trying to get general info. Here's what I have so far-- It appears that if Canada considers me a "resident" for tax purposes (mainly presence of more than 183 days in Canada in the "tax year" ), I will essentially end up paying Canadian taxes, although I don't have to pay it twice (here in the US) because of a tax treaty between US and Canada. So it appears that unless I can work in Canada in such a way that I am not considered a resident, I will end up paying higher taxes compared to having the same income in the US, because of generally higher tax rates in Canada. Have I gotten it right? Thanks in advance. ps: when does a tax year start in Canada? ps: yes, I have an accountant but he's taking too long to get answers _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org Platinum Sponsor: www.rmsportal.com ARSlist: "Where the Answers Are"
