How to get away from Canadian TAX while working in Qatar?
By amerjavedcpa •
Hi
Are there any canadians working in Qatar? Can someone help me by narrating how they protected their income earned in Qatar from Canadian taxes?
Hi
Are there any canadians working in Qatar? Can someone help me by narrating how they protected their income earned in Qatar from Canadian taxes?
Thanks so much for the advise. I will seek professional help then.
The non residency is as simple as filling out a form for CCRA.....the ties to Canada is tricky.
CCRA in the past has ruled that people that still could come back to Canada at a moments notice were not really non residents...and made them pay taxes...in your case, best to see a professional accountant's help and maybe seek a ruling from CCRA before you depart!
Hope that helps....and stay safe all.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?
how easy/difficult is it to declare yourself a non resident? do we need help from professional accountants? how do we get around not selling a brand new car in canada since we will be losing a lot of money if we do? what if our parents will continue staying at our house in canada since they have been doing so for the past four years? we can't kick them out just because we are living outside the country. any advise?
But that's illegal....the advise I was proposaing is perfectly legal.
I guess in the end its up to each person and their concience.
Stay safe all.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?
i met a canadian joker.............
declared unemploy back home...
bring in cash or travellers cheques....each time he flew back....
HSBC sells 1000 TC on prior order....
not a bad idea....he managed so far...so good.
Declare yourself a non resident...and let your ties lapse with Canada (ie do not renew health cards, drivers licenses etc...). Make sure any property you have is leased at an arms length transaction to a third party (non related to you, so CCRA doesn't rule that it is available for your immediate use), likewise, ensure that any investemnts you have are locked in for the log term, and live more than 182 days outside of Canada, and Voila.....you are now supposed to pay your taxes to the country you reside in. What that? Qatar doesn't have ANY taxes? Maybe that's why its so attractive to Canadians!
Good luck my friend.
Stay safe.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?
i'd suggest hiring a tax accountant who has experience in this area. there are many permutations and combinations to making yourself exempt. there is quite a lot of information for expatriates on the canada revenue agency web site.
am not a Canadian, but what i've heard form some friends and colleagues is, for them not to pay tax, they have to remove all their ties in Canada (i.e. house, bank account......), the only thing they retain is their Citizenship and their wife and kids are staying with them here. hope this helps
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