British Expats

British Expats (https://britishexpats.com/forum/)
-   Canada (https://britishexpats.com/forum/canada-56/)
-   -   RRSP question (https://britishexpats.com/forum/canada-56/rrsp-question-884835/)

moving Oct 20th 2016 10:03 am

RRSP question
 
Hi,

If I work in the US while the family lives her, I would need to file income taxe in Ontario. Would I be eligible to contribute to RRSPs based on my income outside Canada? I mean if I am paying income tax in Canada would I get a chance to save taxes through my RRSP.

Thanks

JonboyE Oct 20th 2016 10:29 am

Re: RRSP question
 
If you are tax-resident in Canada then you need to file an income tax return here. If you are tax-resident in Canada you can have an RRSP and deduct contributions within your contribution room from taxable income regardless of where that taxable income was earned.

moving Oct 20th 2016 10:55 am

Re: RRSP question
 
Hi,

Thanks. That was really helpful.


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