Canadian citizen-Living abroad?


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Timon   
Member since: Mar 04
Posts: 297
Location: Greater Toronto Area

Post ID: #PID Posted on: 01-07-05 12:07:59

Hi all

What are the requirements a canadian citizen living and working abroad has to comply with? I know that one has to file taxes and since the income is earned abroad, that may not attract taxes..but, is there a catch somewhere? I guess it would be a good idea to close things like credit cards, all bank accounts etc. Any other suggestions?

Thanks

T


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Smiley   
Member since: Mar 03
Posts: 1185
Location: USA

Post ID: #PID Posted on: 01-07-05 12:33:35

You need to be outside of canada to avoid paying taxes . No Primary residence , No DL . Any income in canada will be taxed at 25% but outside canada will not be taxed provided you live and work ouside and do not have much residential connection in Canada


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