Taxes from working abroad?
#1
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Joined: Mar 2017
Posts: 1
Taxes from working abroad?
Hello. My family and I are wanting to move to Grand Cayman under the "Residency Certificate for Persons of Independent Means". We would be living in Grand Cayman with a residency certificate, but my husband will be working abroad in Canada and will be communting once a month to Grand Cayman.
My question is... will we still have to pay income tax for Canada if we hold residency for Grand Cayman?
If anyone is living in Grand Cayman and working abroad who have some experience to share that would be wonderful. Thank you.
My question is... will we still have to pay income tax for Canada if we hold residency for Grand Cayman?
If anyone is living in Grand Cayman and working abroad who have some experience to share that would be wonderful. Thank you.
#2
BE Forum Addict
Joined: May 2012
Location: Cayman Islands
Posts: 4,993
Re: Taxes from working abroad?
Hello. My family and I are wanting to move to Grand Cayman under the "Residency Certificate for Persons of Independent Means". We would be living in Grand Cayman with a residency certificate, but my husband will be working abroad in Canada and will be commuting once a month to Grand Cayman.
My question is... will we still have to pay income tax for Canada if we hold residency for Grand Cayman?
My question is... will we still have to pay income tax for Canada if we hold residency for Grand Cayman?
#3
BE Forum Addict
Joined: Oct 2007
Location: Charlotte,NC
Posts: 1,717
Re: Taxes from working abroad?
But he wouldn't be living in Cayman would he? You would be. He'd be living and working in Canada as a tax resident. Look at the 183 day rule that exists for most countries.
I lived in Cayman and had a visa to live in the US but I was only in the US for less than 4 months of the year so I was "tax" resident in Cayman.
I lived in Cayman and had a visa to live in the US but I was only in the US for less than 4 months of the year so I was "tax" resident in Cayman.
#4
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Joined: May 2010
Location: Caribbean/Upper West Side/Camden Yd
Posts: 372
Re: Taxes from working abroad?
You have not indicated what passport you hold. Residence in Cayman is not material to taxation, which is governed by tax treaties, if any between Canada and the nationality of the employee working in Canada.
I agree with Gordon, get a tax accountant in Canada.
Or, consult the HR, or payroll Department of the company.
I agree with Gordon, get a tax accountant in Canada.
Or, consult the HR, or payroll Department of the company.