With today’s globalized workforce, it is not uncommon to work in a country that you are not a resident of. Canadians and non-residents living or working abroad may still have to pay Canadian income taxes. It is essential for you to know your income tax obligations. Protect your investments in Canada while you are abroad by letting Filing Taxes take care of tax compliance issues so you can relax and enjoy the rewards.
You can feel confident choosing Filing Taxes as your go-to resource for all of your individual and business-related non-resident tax services.
Non-residents of Canada are only taxed on their Canadian-sourced income. Whether you are an employee working in Canada, own property in Canada, or are a business owner carrying on business in Canada, you may have a tax liability.
If you are a non-resident of Canada and wonder if you have any tax obligations and filing requirements to Canada, you have come to the right place. There are a bunch of complicated questions to address — What are the tax implications of non-residents working or carrying on business in Canada? Are there penalties for non-compliance? Is there a way to reduce the tax you pay or reduce the risk of penalties being applied? Do you have to file a Canadian tax return?
Let Filing Taxes experienced Chartered Professional Accountants in Toronto help with your non-resident tax requirements. We can also help you file your non-resident tax return by calculating taxes on all income sources that are related to Part I Tax & Part XIII Tax filing.
Our team of Canadian non-resident tax specialists is adept at ensuring you comply with both individual and business tax regulations while taking advantage of incentives and credits. We make sure that you never have to face double taxation or penalties.
Non-resident tax means twice the amount of tax regulations and compliance requirements, which can prove to be complex, time-consuming and costly. Hence, as professional non-resident tax service providers, we can assist you with all tax compliance requirements whilst minimizing your worldwide tax. We know the ins and outs of the exhaustive maze of the Canadian tax system. Our unique tax-efficient structure is constructed for your needs.
Our Canadian non-resident income tax compliance, tax planning, and consulting services include but are not limited to:
Below is a sample list of non-residents who generally require our non-resident tax services:
Residency Status Matters — There is a misconception that taxation in Canada is based on citizenship or immigration status. It is based on whether or not you are a resident of Canada. A person can be a resident of Canada even if they are not a Canadian citizen. Also, a person who is a Canadian citizen may not be a Canadian resident for income tax purposes. We will help you understand your status and how it affects your taxes.
You’re a non-resident of Canada for tax purposes if you: normally, customarily, or routinely live in another country and are not considered a resident of Canada. You don’t have significant residential ties in Canada, or you lived outside Canada throughout the year, or your stay in Canada was less than 183 days.
When you are thinking of ways to save on your taxes it makes perfect sense to debate the above question. To get the best advice, you should get in touch with a tax expert or an accountant who can help guide you the right way and help you save on your taxes as much as possible.
If you are a non-resident looking to file your non-resident return or looking to become a non-resident for tax purposes, our expert accountants in Toronto can assist you in the whole process taking in account of all the obligations of Canadian legislation.
The world of numbers and taxes can be confusing, but that’s what Filing Taxes is here for. Sometimes, non-residents are in non-compliance with the tax laws of Canada, either intentionally or based on misguided advice. The Canada Revenue Agency runs a program Voluntary Disclosure Program (VDP) and gives an opportunity to taxpayers to come clean. The VDP offers protection from gross negligence and criminal prosecution. There is a possibility to reduce interest and penalties as well.
The world of numbers and taxes can be confusing, but that’s what Filing Taxes is here for. Sometimes, non-residents are in non-compliance with the tax laws of Canada, either intentionally or based on misguided advice. The Canada Revenue Agency runs a program Voluntary Disclosure Program (VDP) and gives an opportunity to taxpayers to come clean. The VDP offers protection from gross negligence and criminal prosecution. There is a possibility to reduce interest and penalties as well.
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