PPRuNe Forums - View Single Post - Paying tax in Canada while owning a dig in HK
Old 14th June 2008 | 02:21
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AAIGUY
 
Joined: Oct 2004
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From: Out of the pollution.
House in Canada MUST be rented to a third party paying a "fair" amount of rent. This "rent" must be claimed as income in Canada. Make sure your expenses equal rental revenue. or you'll be paying tax on the rent.

Re being in Canada.. limited to 180 days a year.

Also..Cannot have any substansial ties. Ie.. Car / Bank/ Club memeberships

As stated Rev Canada is sole judge on whether you are maintaining ties with Canada. If you have one thing, ie keeped your drivers license, then that likely will not consitute a tie. If you also have a car insured and registered in you name, it likely will.
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