US/Canada Tax Obligation - Toronto Canadian PR,
This is a multi-part message in MIME format. ---------------------- multipart/alternative attachment QUESTION: Hi, I am single and have no dependents nor anybody can claim me dependent. I have no real estate propert or assets in US or Canada. I landed in Canda (Tronto area) in Sept 2001 and have been living and working in Chicago, IL, US since Oct 2002 on job visa H1B1. I havn't visited Canada since I left for US. But I plan visiting Canada for a week or so. I have Canadian driver's license and bank a/c. Please let me know if I need to file Candian Taxes (provincial, fedral or any other category) and if this period of stay away from Canada would be considered as time toward Canadian Citizenship as I would be paying some kind of Canadian Tax. My employer is a US firm. Thanks, xxxxxxxxx =============================================== david ingram replies: 1. to keep your PR card alive, you have to LIVE in Canada for 2 years out of Five. You have to return to Canada and live for at least one more year BEFORE Sept 2006. In other words you better get back to Canada by the end of August 2005. 2. Your Canadian Driver's licence is interesting but I hope you are not using it. Without a residence in Canada, the licence is not valid anywhere. If you used it to rent a car in Chicago and were in an accident and its status was looked at, you would likely find yourself with no licence and no insurance. 3. Your time in the US working for an American Employer does NOT count towards time in Canada. Be careful. If you were to renew your H1B and still be in the US after September, 2005 and lost your job at that time, you would not be able to come back to Canada and would have to return to your home country. =========================================== Answers to this and other similar questions can be obtained free on Air every Sunday morning. Every Sunday at 9:00 AM on 600AM in Vancouver, Fred Snyder of Cartier Partners and I will be hosting an INFOMERCIAL but LIVE talk show called "ITS YOUR MONEY" Those outside of the Lower Mainland will be able to listen on the internet at www.600AM.com Local phone calls to (604) 280-0600 - There is a provincial long distance line as well and old shows are archived at the site. This from ask an income tax immigration planning and bankruptcy expert consultant guru or preparer from www.centa.com or www.jurock.com or www.featureweb.com. Canadian David Ingram deals daily with tax returns dealing with expatriate: multi jurisdictional cross and trans border expatriate gambling refunds for the United States, Canada, Mexico, Great Britain, the United Kingdom, Kuwait, Dubai, Saudi Arabia, South Africa, Thailand, Indonesia, Egypt, Antarctica, Japan, China, New Zealand, France, Germany, Spain, Italy, Russia, Georgia, Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, Hawaii, Florida, Montana, Morocco, Israel, Iraq, Iran, India, Pakistan, Afghanistan, Mali, Bangkok, Greenland, Iceland, Cuba, Bahamas, Bermuda, Barbados, St Vincent, Grenada,, Virgin Islands, US, UK, GB, American and Canadian and Mexican and any of the 43 states with state tax returns, etc. income tax wizard wizzard guru advisor advisors experts specialist specialists consultants taxmen taxman tax woman planner planning preparer of Alaska, Alabama, Arkansas, Arizona, California Denver Colorado, Connecticut, Delaware District of Columbia Miami Florida, Garland Georgia, Honolulu Hawaii, Idaho, Illinois, Indiana Des Moines Iowa Kansas Kentucky, Louisiana Bangor Maine Maryland Boston, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico,New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon. 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Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader & the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent financial, or real estate planner or advisor & appropriately qualified legal practitioner, tax or immigration specialist in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included." ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: http://www.centa.com/CEN-TAPEDE/centapede/attachments/4619c383/attachment.htm ---------------------- multipart/alternative attachment--
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