QUESTION:
I am a retired US citizen. I receive a non-taxed New
York State Pension. I am building a home in Quebec
as a retirement home and plan on living there at
least 6 months. Will I have to file and pay Canadian
income tax on my pension?
===============================================
david ingram replies:
Let's use the word "visiting" there for six months of the year. "Living
there" implies the right of Canada to Tax you.
However, if you are only in Canada for 5 and a half months and keep accurate
records and know where you are, then Canada will not tax you if you are here
less than 183 days a year.
However, if you were a Canadian with a Florida or Pal springs or Corpus
Christie Condo and were spending more than 125 days a year for three years
in a row, You must file a US tax return and form 8840 to try and get
yourself out of US tax. (of course, if you are in the US more than 183
days, the IRS WILL TAX the Canadian just as Canada will tax an American in
Canada more than 183 days.
Goto www.centa.com and read the US/Canada Taxation section.
I am making an assumption that you are going to Florida for the winter.
David Ingram's US/Canada Services
US / Canada / Mexico tax and working Visa Specialists
US / Canada Real Estate Specialists
4466 Prospect Road
North Vancouver, BC, CANADA, V7N 3L7
Res (604) 980-3578 Cell (604) 657-8451
(604) 980-0321
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