British Expats - Search Results

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Forum: Canada

Apr 11th 2024, 8:18 pm

Replies: 24

Opening up a UK Bank Account from Canada - Which Bank is Best?

Views: 3,098

Posted By GiantSantaCruzer

Re: Opening up a UK Bank Account from Canada - Which Bank is Best?

I've nothing useful to add to this thread but just chirping in to say that Canadian Banks seems to be stuck in the 1950s.

Recently, I had to complete 7 different paper forms (totalling 35 pages...

Forum: Canada

Apr 11th 2024, 6:01 pm

Replies: 13

Double taxation

Views: 748

Posted By GiantSantaCruzer

Re: Double taxation

BristolUK

Thanks for that. I'll make sure I provide CRA with the complete form.
Do you remember the details of the questions? I'd just like feedback on Q5 and Q6 which relate to the UK...

Forum: Canada

Apr 11th 2024, 6:13 am

Replies: 17

Car insurance, oh no!

Views: 896

Posted By GiantSantaCruzer

Re: Car insurance, oh no!

This isn't completely true. It is correct to say that third party liability insurance (up to, I think, $1000,000) thru ICBC is mandatory but there are a few other insurers for other (optional)...

Forum: Canada

Apr 11th 2024, 6:04 am

Replies: 13

Double taxation

Views: 748

Posted By GiantSantaCruzer

Double taxation

Does anyone currently living/domiciled in Canada have any UK income which they have "persuaded" HMRC to be tax-free in the UK?

Theoretically, you fill out the HMRC "Canada DT" form, get someone at...

Forum: Canada

Mar 8th 2023, 6:05 pm

Replies: 9

Considering going non dom for tax reasons-----implications

Views: 821

Posted By GiantSantaCruzer

Re: Considering going non dom for tax reasons-----implications

Are you sure that's correct? I thought you could claim a tax deduction (or maybe a credit?) against tax paid in a foreign country. I'd get that confirmed by an expert before trying any other creative...

Forum: Canada

Mar 8th 2023, 5:54 pm

Replies: 4

Tax on UK pension

Views: 838

Posted By GiantSantaCruzer

Re: Tax on UK pension

FYI - from what I've read it's taxable BUT for others in the same situation, I believe one possible way for minimizing the tax in Canada, is to pay the lump sum into an RRSP (contribution must be in...

Forum: Canada

Feb 23rd 2023, 12:07 am

Replies: 7

OAS Calculations

Views: 1,502

Posted By GiantSantaCruzer

Re: OAS Calculations

Co-incidentally, I have just been discussing this with a Services Canada agent in relation to my CPP contributions. I worked in the UK for 20+ years before moving to Canada so I obviously have many...

Forum: Canada

Oct 22nd 2021, 5:50 pm

Replies: 26

Technical question about tax and UK pension

Views: 3,736

Posted By GiantSantaCruzer

Re: Technical question about tax and UK pension

The bulletin does not apply to only registered pensions....Copy and paste from paragraph 26 of IT-528 (my bold for emphasis)¶ 26. Subparagraph 60(j)(i) allows a deduction for a transfer of a...

Forum: Canada

Oct 22nd 2021, 4:31 am

Replies: 26

Technical question about tax and UK pension

Views: 3,736

Posted By GiantSantaCruzer

Re: Technical question about tax and UK pension

I'm curious why you don't think it applies. For sure, there are some types of pensions it doesn't apply to (i.e. defined contributions) but mine is a defined benefit earned entirely whilst I was...

Forum: Canada

Oct 12th 2021, 8:51 pm

Replies: 26

Technical question about tax and UK pension

Views: 3,736

Posted By GiantSantaCruzer

Re: Technical question about tax and UK pension

I don't think so but will double check with the administrators...

Forum: Canada

Oct 12th 2021, 4:43 pm

Replies: 26

Technical question about tax and UK pension

Views: 3,736

Posted By GiantSantaCruzer

Re: Technical question about tax and UK pension

Agreed I need professional tax advice but was just wondering whether any other forum regulars have done something similar...

I believe that CRA bulletin 528 applies to my pension, which, if I read...

Forum: Canada

Oct 12th 2021, 6:25 am

Replies: 26

Technical question about tax and UK pension

Views: 3,736

Posted By GiantSantaCruzer

Technical question about tax and UK pension

Hello folks, I'm a new user here but have lived in Vancouver for nearly 15 years....

I've looked through the financial wiki but just want bounce some ideas off people who have UK pensions and...

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