Need Your Advise on Canadian Tax

Sent: Sunday, May 28, 2006 4:07 AM
To: taxman at centa.com
Subject: Need Your Advise on Canada Tax
      Dear Sir,
      Though we are still bound to land in July '06 in Calgary,
AB, I found a job prospect in Saudi Arabia. I know that Saudi
Arabia does not have a tax treaty with Canada and with my family
staying while I will be working overseas will make me a factual
resident with residential ties in Canada?
      I would like to seek your advise on how to go about filing
income tax and what documents are required to be presented during
filing or kept in records for future audits? Are there also areas
where I can obtain deductions being an overseas worker?
      Your feedback will be highly appreciated.
      Sincerely yours,
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david ingram replies:
Unless you found a job with a Canadian company, your PR status
will be lost if you are not physically in Canada for two out of
the next five years.  So, you can go to Saudi for just three
years because your vacation time in Canada plus two more years
will keep your status alive.
I suggest that you spend three years there.  Save your money.
Come back to Canada for three years and work at anything but stay
here for a full three years to qualify for your Canadian
Citizenship.  When you have it six years from now, you can then
go and work anywhere for any length of time.
There are no (there should be) deductions for you while working
overseas.  You can buy $14,500 worth of RRSP per year but not
until the second year.
Glad to look after those returns when necessary
-------------------------------
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