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, ----------------------------------------------------------------- --------------- 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 ------------------------------- David Ingram's US / Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists My Home office is at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 10 AM to 10 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) email to taxman at centa.com www.centa.com www.david-ingram.com 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 advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist for expert help, assistance, preparation, or consultation in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included." Be ALERT, the world needs more "lerts" David Ingram gives expert income tax & immigration help to non-resident Americans & Canadians from New York to California to Saudi Arabia to Mexico to China or Chile - Cross border, dual citizen - out of country investments are all handled with competence & authority. 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