The other thing to be aware of as well - keeping property, bank accounts, Health Card, etc. shows the government that you have the "intent" of returning to Canada and as a result any income you earn outside of Canada is taxable - even in countries that may not charge you tax.
On Thu, May 1, 2008 at 3:28 PM, Ray T. <[EMAIL PROTECTED]> wrote: > 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" > _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org Platinum Sponsor: www.rmsportal.com ARSlist: "Where the Answers Are"
