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can any Canadian help?

ROC taxes, overseas payment of taxes, withholding rates, general tax liability issues, and other tax-related matters
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can any Canadian help?

Postby ar.b » 01 Dec 2010, 00:19

I recently setup a company in Taiwan and wondering if I should report how much I earn in taiwan back to canada.
I understand that every Canadian citizen should pay tax even they don't live in canada.
but when I left canada, I suspended my health card already.
I have a property back home and nothing else.

Should I report? ... or is there any ways I can run away from Canada's tax? Since I need to pay tax in Taiwan already ...

plz help...

thx alot
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Re: can any Canadian help?

Postby spaint » 01 Dec 2010, 13:22

If you're not considered "resident" in Canada, you're not supposed to pay taxes in Canada. Usually this means you're out of the country for more than six months in a year but owning property complicates the decision of whether or not you're a resident and so you need to read the forms again from start to finish.

Your health card is not indicative of your resident status. They suspend that fucking thing when you move to a different province. Or (as in my case), retroactively maintain it while you were out of the country, and then suspend it once you get back.
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Re: can any Canadian help?

Postby Mucha Man » 01 Dec 2010, 13:26

If you own property in Canada, Revenue Canada will consider you a resident. And they get to make the final determination, not you, even if you have declared non-residency. So you're out of luck. That said, there are agreements so you aren't double taxed.
“Everywhere else in the world is also really old” said Prof. Liu, a renowned historian at Beijing University. “We always learn that China has 5000 years of cultural heritage, and that therefore we are very special. It appears that other places also have some of this heritage stuff. And are also old. Like, really old.”

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Re: can any Canadian help?

Postby spaint » 01 Dec 2010, 16:42

Mucha Man wrote:If you own property in Canada, Revenue Canada will consider you a resident. And they get to make the final determination, not you, even if you have declared non-residency. So you're out of luck. That said, there are agreements so you aren't double taxed.


I don't think Canada had a tax treaty with Taiwan.
http://www.fin.gc.ca/treaties-conventio ... s_-eng.asp
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Re: can any Canadian help?

Postby TheGingerMan » 01 Dec 2010, 17:39

Owning property in Canada indicates residential ties, most of which are supposed to be severed to be considered a non-resident.
http://www.cra-arc.gc.ca/tx/nnrsdnts/nd ... s-eng.html.

As for income earned in Taiwan, the less said to that rapacious suckfish agency, the better.
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even to day do I declare that I will render double unto thee:"

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Re: can any Canadian help?

Postby tryingmybest » 01 Dec 2010, 21:34

"Should I report? ... or is there any ways I can run away from Canada's tax? Since I need to pay tax in Taiwan already ... "

My accountant friends says you should save all your income receipts, plus a note of what the conversion rate was that day. Then do your taxes when you return to Canada. They can't really reach you while you are away, but when you return you will have to file tax forms. Then that information will be very useful.

I filled out the 4 page "are you considered a resident?" form :doh: , and, unsurprisingly, am still considered a resident. I have the pleasure of paying tax in both counties for the next 3 years...I hope you find a way around it. :ponder:
"It's my greatest strength and my greatest weakness"
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Re: can any Canadian help?

Postby spaint » 02 Dec 2010, 11:22

tryingmybest wrote:My accountant friends says you should save all your income receipts, plus a note of what the conversion rate was that day. Then do your taxes when you return to Canada. They can't really reach you while you are away, but when you return you will have to file tax forms. Then that information will be very useful.


Can they even reach you when you go back? If you file here under a Chinese name can Revenue Canada really link you up to your income?
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Re: can any Canadian help?

Postby Mucha Man » 02 Dec 2010, 11:28

How is he paying for his house while away? Or any living expenses? If you are a resident and just show up a few years later having never filed a tax report you are going to be in trouble.

Revenue Canada knows very well that a lot of Taiwanese businessmen have operations they are trying to keep secret. I don't mean businessmen in general; I mean Taiwanese.
“Everywhere else in the world is also really old” said Prof. Liu, a renowned historian at Beijing University. “We always learn that China has 5000 years of cultural heritage, and that therefore we are very special. It appears that other places also have some of this heritage stuff. And are also old. Like, really old.”

https://www.facebook.com/taiwantemples
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Re: can any Canadian help?

Postby afterspivak » 30 Jan 2016, 22:43

It seems that finally Canada and Taiwan have arrived at an agreement to avoid double taxation. The official announcement from the Canada side can be found here:

http://www.fin.gc.ca/treaties-conventions/notices/taiwan-eng.asp

An informative article from the Globe and Mail (whose headline writers somewhat annoyingly emphasize the "China warns Canada" bit) is here:

http://www.theglobeandmail.com/news/world/canada-taiwan-reach-economic-arrangement-despite-chinese-efforts-to-bar-closer-ties/article28209532/

It's apparently set to be implemented on January 1, 2017! :discodance:

Guy
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