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Post by bholeyr on Jun 11, 2013 23:29:23 GMT
to tough time: If I remember correctly, you need to be physically present in Canada for 2 years within each 5-year period in order to keep your PR status valid. I guess, CRA allows PR's to declare non-resident status for tax filing purpose but you have to meet all other eligibility requirements (cut all ties from Canada). You need to consider Aramco job carefully depending on how far you are in your journey to become CA citizen. If you leave Canada and try to keep your PR status valid by cutting ties, it will be a temporary bandage that will come off after two years. After two years, you will be back to square one and have to decide ARAMCO or Canada.  |
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Post by antemareundae on Jun 12, 2013 2:52:06 GMT
Hi Sparkle,
It totally depends. In some cases you can keep some bank accounts. You can even keep your house if you rent it or somehow use for other purposes. You should talk to a good accountant. A lot of people is using particular fellow... can't recall the name now, but any good accountant will tell you, you will have to submit your file to CRA and wait for their verdict. You may even correct the stuff after that. So don't worry, just go talk to a good experienced accountant.
Ante.
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Post by Sparkle75 on Jun 14, 2013 5:09:11 GMT
antemareundae,
Thanks for replying
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Post by antemareundae on Jun 15, 2013 14:58:48 GMT
I read the 15% rule before I wasn't sure it applies... After reading your comment I take it as that's what Aramco is retaining? 15%?
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Post by antemareundae on Jun 19, 2013 17:10:02 GMT
antemareundae,
Yeah... and still unsure how the retirement deductions play alltogether...
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Post by antemareundae on Jun 20, 2013 15:44:30 GMT
For those with dual citizenship it may be possible to avoid this tax depending on what your other citizenship is... you'll fall onto another payroll but it may work.
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Post by antemareundae on Jul 20, 2013 22:30:18 GMT
To my fellow Canadians:
Does anyone know if Revenue Canada will accept this Hypo Tax as a legitimate tax payment in another country? This is from the viewpoint of non-residency.
Thanks.
Ante.
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Post by Eng-smile on Jul 21, 2013 0:37:10 GMT
If you guys read your offer carefully it states clearly that it's just a deduction which is not payable to any Federal or provincial Government. No one can take credit of hypo tax when they file their tax. That being said you guys should count on the net salary after hypo tax and just forget about the hypo tax and don't get confuse. If you have residential ties you'll have to pay tax to Canadian government and it might be on you base pay. If you are non resident Canadian you can save the tax. I have the impression that different person can have different requirement to become a non resident Canadian and only a professional can asses your requirement. I have made my mind that I can get no useful information in this forum because it might be considered as personal or financial information to share. Best way is to spend 500$ to 800$ and get some professional counceling. I think it would be worth when you are trying to save a lots of taxes in years.
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