Hi my name is XXXX and I am not sure if you can help me or not,
but I sure hope you can!! Im a Canadian citizen currently living
in China playing professional soccer. I am concerned about being
taxed double on my earnings. I will be taxed by the Chinese
government, but then taxed again when I deposit the money into my
Canadian account. Is there any law or treaty with China
exempting me from double taxation? Thank you in advance for your
time and help. It is greatly appreciated!
----------------------------------------------
david ingram replies:
If you are in China for a five or nine month season and returning
to Canada, you will be taxed first in China and secondly in
Canada under Article XVII of the Canada China Income Tax
Convention.
When you file your Canadian return, you will report your China
income on line 104 and line 433 and claim a credit for the taxes
paid to China on line 431. It is NOT double taxation, but will
be taxation at the Canadian rate.
On the other hand, if you are in China on a full time basis and
are not flitting back to Canada at every chance, you will be
taxed in China alone under Article IV of the Canada China Income
tax convention (treaty).
If you need help with the returns, that is what we do.
--------------------------------------------------
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email to taxman at centa.com
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Disclaimer: This question has been answered without detailed
information or consultation and is to be regarded only as general
comment. Nothing in this message is or should be construed as
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