Tax Return Question
#1
Thread Starter
Forum Regular



Joined: Mar 2010
Posts: 106
From: Okotoks, Alberta







We were wondering if someone could confirm for us that we don't have to file a Canadian tax return this year.
We've read the wiki and visted the CRA web site (here specifically: http://www.cra-arc.gc.ca/tx/nnrsdnts...nwcmr-eng.html) and it seems that even though we landed last year we aren't tax resident as we don't have a house, drivers licence, bank account, SIN etc or any other ties in Canada, with the exception of the family friends we have in Canada whose address we used to have our PR cards sent to.
Hope someone can help.
Cheers
We've read the wiki and visted the CRA web site (here specifically: http://www.cra-arc.gc.ca/tx/nnrsdnts...nwcmr-eng.html) and it seems that even though we landed last year we aren't tax resident as we don't have a house, drivers licence, bank account, SIN etc or any other ties in Canada, with the exception of the family friends we have in Canada whose address we used to have our PR cards sent to.
Hope someone can help.
Cheers
#2
Binned by Muderators










Joined: Jul 2007
Posts: 11,708
From: White Rock BC











We were wondering if someone could confirm for us that we don't have to file a Canadian tax return this year.
We've read the wiki and visted the CRA web site (here specifically: http://www.cra-arc.gc.ca/tx/nnrsdnts...nwcmr-eng.html) and it seems that even though we landed last year we aren't tax resident as we don't have a house, drivers licence, bank account, SIN etc or any other ties in Canada, with the exception of the family friends we have in Canada whose address we used to have our PR cards sent to.
Hope someone can help.
Cheers
We've read the wiki and visted the CRA web site (here specifically: http://www.cra-arc.gc.ca/tx/nnrsdnts...nwcmr-eng.html) and it seems that even though we landed last year we aren't tax resident as we don't have a house, drivers licence, bank account, SIN etc or any other ties in Canada, with the exception of the family friends we have in Canada whose address we used to have our PR cards sent to.
Hope someone can help.
Cheers
#3
Thread Starter
Forum Regular



Joined: Mar 2010
Posts: 106
From: Okotoks, Alberta







Yes, we are still, unfortunately, in the UK, hopefully moving soon
Thanks for your advice.
Much appreciated.
Thanks for your advice. Much appreciated.
#4
Forum Regular



Joined: Oct 2010
Posts: 114
From: Calgary, from South East England




Hi,
We were in exactly this situation (ie technically landed in Jun 2010, but not actually physically moving until May 2012). I rang the Canada Revenue Agency and a very helpful guy told me that we wouldn't be tax resident until we actually moved to Canada and thus wouldn't have to complete a Tax Return until then.
Not looking forward to my first one next Jan, but I guess it's a small price to pay.
Cheers
Kevin
We were in exactly this situation (ie technically landed in Jun 2010, but not actually physically moving until May 2012). I rang the Canada Revenue Agency and a very helpful guy told me that we wouldn't be tax resident until we actually moved to Canada and thus wouldn't have to complete a Tax Return until then.
Not looking forward to my first one next Jan, but I guess it's a small price to pay.
Cheers
Kevin
#5
Forum Regular



Joined: Jun 2008
Posts: 188
From: Nova Scotia











I wonder if I could hijack this post a little as it is related. I have been here as a landed resident since May last year. I am for all intents and purposes retired. I don't work, I don't have a SIN, I live off my savings and I still have my house in the UK that I can go back to anytime. I still pay my Council Tax over there, my tv licence and indeed, my tax. Now, I am hoping to keep it like that. It seems such an upheaval to start going through the process of a Canadian Tax return especially since I am going to be returning to the UK on a more permanent basis. Any views from anyone really would be welcome.
#6
I wonder if I could hijack this post a little as it is related. I have been here as a landed resident since May last year. I am for all intents and purposes retired. I don't work, I don't have a SIN, I live off my savings and I still have my house in the UK that I can go back to anytime. I still pay my Council Tax over there, my tv licence and indeed, my tax. Now, I am hoping to keep it like that. It seems such an upheaval to start going through the process of a Canadian Tax return especially since I am going to be returning to the UK on a more permanent basis. Any views from anyone really would be welcome.
#7
Forum Regular



Joined: Jun 2008
Posts: 188
From: Nova Scotia











No, I am just living off savings. I could claim my private pension when I'm 55 but I'm not there yet.
#8
Banned








Joined: Oct 2008
Posts: 3,824
From: the GTA











I wonder if I could hijack this post a little as it is related. I have been here as a landed resident since May last year. I am for all intents and purposes retired. I don't work, I don't have a SIN, I live off my savings and I still have my house in the UK that I can go back to anytime. I still pay my Council Tax over there, my tv licence and indeed, my tax. Now, I am hoping to keep it like that. It seems such an upheaval to start going through the process of a Canadian Tax return especially since I am going to be returning to the UK on a more permanent basis. Any views from anyone really would be welcome.
Do you think that's okay? Well I, for one do not. Be an honest member of society and file your Canadian Income Taxes.
#9
I don't see that it matters that he/she files a tax return. No income = no tax payable. More likely they will get money from the government
#10
Forum Regular



Joined: Jun 2008
Posts: 188
From: Nova Scotia











So if you became seriously ill today would you fly back to the UK for treatment at own expense, even if it was on a stretcher? Do you drive/travel on Canadian roads and highways? Such things, and many more, are heavily subsidized by Canadian taxpayers.
Do you think that's okay? Well I, for one do not. Be an honest member of society and file your Canadian Income Taxes.
Do you think that's okay? Well I, for one do not. Be an honest member of society and file your Canadian Income Taxes.
#11










Joined: Sep 2008
Posts: 12,830











If one is not sure of their status, consult a tax accountant or ask CRA for a determination. If you 'think' you are not tax resident, then it turns out you are, it can be pretty expensive.
#12
Binned by Muderators










Joined: Jul 2007
Posts: 11,708
From: White Rock BC











A question to laser558. Are you enrolled in your provincial health care plan?
#13
If they have savings, they have income if it is invested. CRA require all world income to be reported as well as any foreign owned property (incl bank accounts) that cost over $100k. Failure to report will incur significant fines. Paying tax in the UK does not satisfy CRA if tax in Canada is owed. Not getting a SIN, does not mean you don't want to play! However not having a SIN can cause no end of complications at some point.
If one is not sure of their status, consult a tax accountant or ask CRA for a determination. If you 'think' you are not tax resident, then it turns out you are, it can be pretty expensive.
If one is not sure of their status, consult a tax accountant or ask CRA for a determination. If you 'think' you are not tax resident, then it turns out you are, it can be pretty expensive.
#14










Joined: Sep 2008
Posts: 12,830











If his investments and savings total more than $100k and the house is valued at more than $100k and he is deemed tax resident, these have to be reported as foreign assets and failure to do so results in heavy fines if found out.



