Canadians living in the UK will typically be taxed by the UK tax authority, HMRC, on their worldwide income and gains – including those made in Canada on investments and property that are still in Canada. The Canadian government applies a withholding tax to some forms of income, like dividends and rent received on property.

Usually these withholding taxes can be offset against one’s UK tax liability so that, in effect, the net tax paid is equal to the usual UK tax rates. In other words, you shouldn’t have to pay extra tax on your Canadian investments simply because they are located in Canada.

It is, however, extremely important that the necessary filings are made with both the Canadian and UK tax authorities to ensure you pay the correct amount of tax without overpaying.

Non-residency generally won’t impact your entitlement to a private workplace pension.

Pension income paid to a non-resident of Canada is subject to a non-resident withholding tax that is 25% by default. Many countries have tax treaties with Canada that reduce the withholding tax rate – commonly to 15% tax.

This doesn’t mean that you must file a Canadian tax return. Withholding tax is generally your only tax obligation to Canada as a non-resident.

It’s important to understand the tax implications of the country where you reside. Withholding tax at source in Canada will often be credited towards tax payable in your country of residence.