Tax issue US/Canada

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cskanagaraj
Member since: Jun 05

Posts: 18
Location:
Post ID: #PID

Posted on: 06-09-05 11:21:45

Hello,

Ok here is my question, If you become a landed PR in Canada and go back to US on a H1B, do you need to pay taxes for both US and Canada?

If someone has any experience on this issue please reply.

Thanks

Janmeja
Member since: Aug 05

Posts: 313
Location: hubbards NS
Post ID: #PID

Posted on: 06-09-05 12:10:36

no you have to pay taxes in the country of residence or work. You will be living and working in US so pay your taxes there. But you do know that you have to stay 3 yr out of 5 in Canada in order to keep up your PR no?

cskanagaraj
Member since: Jun 05

Posts: 18
Location:
Post ID: #PID

Posted on: 06-09-05 14:57:30

Thanks for your reply Janmeja, yes I do know that I need to stay here in Canada for 3 yrs out of 5 Yrs to get my citizenship.

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 06-09-05 15:12:05

Quote:
Orginally posted by Janmeja

no you have to pay taxes in the country of residence or work. You will be living and working in US so pay your taxes there. But you do know that you have to stay 3 yr out of 5 in Canada in order to keep up your PR no?

IMO, you are wrong on both counts

Chandresh

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Chandresh

Advice is free – lessons I charge for!!

goldeneye
Member since: Mar 05

Posts: 454
Location: London, ON
Post ID: #PID

Posted on: 06-09-05 21:09:56

The Canadian PR ( or even American PR ) gives you the right to live, work and move freely ( both within the country and right to leave and enter the country at will given the status is valid ) . This privilege also has responsibilities . We are supposed to declare our world income . No matter where we work . Also if one has assets ( like house / lands) exceeding a certain amount in native country you have to declare to CRA. Talk to a qualified Accountant and get the professional opinion. THis forum is for exchange of ideas and information. THis has to be verified/ co related before you make any decision

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Non illigitamus carborundum

faisal
Member since: May 04

Posts: 661
Location: in the heart of Mrs Saga
Post ID: #PID

Posted on: 07-09-05 06:51:35

Quote:
Orginally posted by Janmeja

But you do know that you have to stay 3 yr out of 5 in Canada in order to keep up your PR no?

No, its 2 out of 5 years to maintain your PR status.

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Deal With Reality or Reality Will Deal With You

faisal
Member since: May 04

Posts: 661
Location: in the heart of Mrs Saga
Post ID: #PID

Posted on: 07-09-05 06:53:14

Quote:
Orginally posted by cskanagaraj

Thanks for your reply Janmeja, yes I do know that I need to stay here in Canada for 3 yrs out of 5 Yrs to get my citizenship.

Wrong. You need to be physically resident in Canada, for 3 out of the previous 4 years, before you can apply for your citizenship.

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Deal With Reality or Reality Will Deal With You

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