Overseas Work and Taxes
I saw a question about Canadian Taxes and overseas work on another website, so I thought I'd throw in my 10 cents worth here.
We are all looking for that overseas tax-free job, but are shocked when we see on page one (1) of our yearly tax return, that we must declare our income from both inside and outside of Canada. To soften the blow, you have to fill Form NR73E (preferably before you depart for your new job) to determine if you are a Factual Resident (keeps ties with Canada), or are a "Non-Resident" (have severed all residential ties with Canada). I know guys (myself included) that get a severe overtemp, when they consider other countries and their agreeable tax laws for overseas workers, and then consider ours.
I hope this will be a usefull discussion for everyone.
Regards, Max