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Post by canadaguy on Mar 13, 2018 10:26:01 GMT
I will be relocating to KSA in April. I have been a non-resident of Canada for the last 7 years, but am unsure how this might be impacted moving to a country with no tax treaty with Canada. I have always maintained banking relationships in Canada with no issue to my residency status, but have not been paid into those accounts.
Will I be deemed a resident if my payroll is paid to my Canadian bank? I have explored the HSBC expat services, but they will not open an account for me if the funds are coming from KSA.
Any help would be great, or if anyone can recommend a good international tax adivisor.
Thanks!
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Post by StarboyX on Mar 13, 2018 14:37:55 GMT
I will be relocating to KSA in April. I have been a non-resident of Canada for the last 7 years, but am unsure how this might be impacted moving to a country with no tax treaty with Canada. I have always maintained banking relationships in Canada with no issue to my residency status, but have not been paid into those accounts. Will I be deemed a resident if my payroll is paid to my Canadian bank? I have explored the HSBC expat services, but they will not open an account for me if the funds are coming from KSA. Any help would be great, or if anyone can recommend a good international tax adivisor. Thanks!
1. No, you will not be deemed a resident sending payroll back to Canada. I split mine between CIBC and RBC, no issues.
If you're already deemed non-resident, simply maintain it.
Are you non-resident, or factual non-resident? As per CRA, there's a difference, and it's huge: factual non-residents can maintain driving
licenses, healthcare, bank accounts and credit cards, provided there are no primary ties (dependents, primary residences, assets) or
major secondary ties (rental property): talk to your accountant or estate planner.
2. HSBC is known as SABB in Saudi and "GlobalView", the feature to link all HSBC accounts worldwide, does NOT work from Saudi.
Having said that, I've fond SABB to be the most professional in all regards, especially when it comes to customer service, with newly arrive
expats.
NCB and SAMBA have a lot to learn ...
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Post by canadaguy on Mar 15, 2018 9:40:59 GMT
Thanks for the advice Starboy.
I am a non-resident, i.e. I don't have drivers licence, healthcare, or dependents in Canada. I was concerned that getting payroll into Canada from a country with no tax treaty would trigger some sort of change to my non-residency status.
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Post by StarboyX on Mar 15, 2018 22:39:17 GMT
Thanks for the advice Starboy. I am a non-resident, i.e. I don't have drivers licence, healthcare, or dependents in Canada. I was concerned that getting payroll into Canada from a country with no tax treaty would trigger some sort of change to my non-residency status. No, it shouldn't.
However, Canadian banks might send you letters in the mail to clarify / justify international salary transfers.
The banks then do send this info to the CRA, and since you're already non-resident, it won't make a difference. |
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Post by yycjor on Jun 9, 2022 18:31:05 GMT
Can anyone suggest a Canadian Tax expert in Calgary for the non-resident query. I use to file my tax using TurboTax and never hired an accountant.
I watched couple of youtube videos and seems that CRA will charge 25% of the house value when sold and become a non resident. so if you sell for 400k, you'll pay 100k. Thats ridiculous.
I don't want to keep the house or rent it, so please steer your suugestion away from that direction.
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Post by star5 on Jun 28, 2022 13:00:54 GMT
My husband and I both applied to aramco. He’s been made a formal offer. Unfortunately, I didn’t make the cut.
If things work out we will be moving from Canada (Toronto). We don’t want to sell our primary residence and I understand this is one of the primary indicators of residency. I wanted to see what other fellow Canadians have done?
Also, if you’ve used a tax expert in GTA can you share their info?
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