PPRuNe Forums - View Single Post - Working outside of Canada and Taxation Implications
Old 7th Apr 2015, 18:41
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Flytdeck
 
Join Date: Jun 2001
Location: Sidney, BC, Canada
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Offshore

My wife and I are now living and working overseas. This is our second stint outside of Canada and we have had no issues other than errors in record keeping on THEIR part that has taken us over two years to correct (actually still ongoing).

We maintain rental properties in Canada, bank accounts, credit cards, and vehicles. The only income generated in Canada is from a pension, rental income, investments, and interest.

We have a permanent address, bank accounts, driving license, credit cards, and resident permit OUTSIDE of Canada. This is also where we derive our primary income from a company based OUTSIDE of Canada.

You can see the trend here. We filled out the form with Customs and Revenue and they have declared us offshore residents. IF they subsequently find you have not told the truth on their form, THEN they may reconsider but if you are legitimately working and living outside Canada and your spouse/partner is with you, then no problem. Children remaining in Canada may also be an issue if they are not boarding.

We keep all income derived overseas while our Canadian income is subject to a 25% withholding tax. Still a bargain and we are enjoying our time in the Middle East despite what you might read on this forum.
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