Moving from Canada to uk tax issues
Hello,
I apologise if this question has been asked before and I’ve tried to look but have had no luck seeing a previous thread. I am a dual citizen between Canada and the U.K. and I am thinking about moving to Scotland. I have had some recently tell me that when I do make the move that I will need to give up my Canadian citizenship or else I will have to continue to pay taxes in Canada. I have tried to look this up online but have found no information on this, and I am not sure if it is true because I currently don’t pay taxes in the U.K. but have my citizenship there. I’m sorry if this is a silly question and appreciate anyone’s help 😃😃 |
Re: Moving from Canada to uk tax issues
Nope, not true at all! There's a tax treaty between the two countries, you won't pay tax twice.
Hope the move back goes well. |
Re: Moving from Canada to uk tax issues
Thank you so much!! 😀
I did not think I had to but my friend was convinced otherwise and had me doubting myself haha |
Re: Moving from Canada to uk tax issues
Originally Posted by mcleodfamily
(Post 13004338)
I have had some recently tell me that when I do make the move that I will need to give up my Canadian citizenship or else I will have to continue to pay taxes in Canada.
You do have to inform Revenue Canada of the date you leave the country. |
Re: Moving from Canada to uk tax issues
Originally Posted by jandro
(Post 13004782)
Perhaps they are assuming Canada has similar tax laws to the US, whose citizens have to continue paying taxes when they move abroad. I think only one other country (Albania?) does this.
You do have to inform Revenue Canada of the date you leave the country. https://www.greenbacktaxservices.com...ased-taxation/ Countries that use residence-based taxation include Japan, Mexico, Canada, the UK, Australia, New Zealand, and most of the EU. A handful of other countries across Africa, Asia, and South America use similar systems. |
Re: Moving from Canada to uk tax issues
Originally Posted by durham_lad
(Post 13004869)
I don’t believe that is true. Canadians living abroad may be subject to taxes on income derived in Canada but not on worldwide income, unlike the USA and Eritrea who tax worldwide income no matter where you live.
https://www.greenbacktaxservices.com...ased-taxation/ |
Re: Moving from Canada to uk tax issues
Thank you all for commenting on my post!
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