Hi all,
I'm Greek and I'm doing my phd in Ontario. I am a teaching assistant and
research assistant, and I have some scholarships, so I have income in
Canada and I fill my taxes every year. I've been here for about 5 years on
a study permit.
Question 1: I fill taxes here, I rent an apartment, have bank accounts, etc,
which means that I have ties here. I assume that this also means that I am a
"tax resident", or a "resident for tax purposes", right? Is there any different
terminology for my tax status in Canada?
I applied for permanent residency a couple of months ago. Now my father
back in Greece is a bit worried. He's getting older and told me that he had
intentions to pass me all his property soon. He thinks that being a PR means
that I will have more tax obligations in Canada than I have right now with my
study permit.
Question 2: Is my father right to be worried? I think that, since I do have to
fill taxes in the first place, my obligations are the same no matter if I'm a PR
or here on a study permit. Does anything change if one becomes a PR from
being just a student, when it comes to taxes?
Thanks in advance..
I'm Greek and I'm doing my phd in Ontario. I am a teaching assistant and
research assistant, and I have some scholarships, so I have income in
Canada and I fill my taxes every year. I've been here for about 5 years on
a study permit.
Question 1: I fill taxes here, I rent an apartment, have bank accounts, etc,
which means that I have ties here. I assume that this also means that I am a
"tax resident", or a "resident for tax purposes", right? Is there any different
terminology for my tax status in Canada?
I applied for permanent residency a couple of months ago. Now my father
back in Greece is a bit worried. He's getting older and told me that he had
intentions to pass me all his property soon. He thinks that being a PR means
that I will have more tax obligations in Canada than I have right now with my
study permit.
Question 2: Is my father right to be worried? I think that, since I do have to
fill taxes in the first place, my obligations are the same no matter if I'm a PR
or here on a study permit. Does anything change if one becomes a PR from
being just a student, when it comes to taxes?
Thanks in advance..