Dear experts,
Greetings !
I have a question regarding filing the income tax on the money earned outside Canada ( while having a permanent resident status ); let me elaborate a bit..
If someone has become a PR of Canada and then he leaves the country after getting the PR Card; then for example he doesn't visit Canada for an entire year, but returns back in the next year permanently, so will he/she has to declare his income earned outside Canada for the year he wasn't present in Canada or not ?
CASE 1:
I heard that one can show his status as a non-resident of Canada for that particular year and doesn't have to pay taxes on the income he earned outside Canada for that particular year. But if one does so, then will he sustain the status of a Permanent Resident ?
CASE 2:
Secondly, if someone doesn't declare himself as a non-resident for that particular year and declares his income earned in a foreign country, then how much tax does he has to pay for that year ? ( For e.g. if he earned 32,000 CAD / annum ) then how much tax will he/she has to pay ?
Please suggest that what is the best way to declare the tax in this situation ?
Greetings !
I have a question regarding filing the income tax on the money earned outside Canada ( while having a permanent resident status ); let me elaborate a bit..
If someone has become a PR of Canada and then he leaves the country after getting the PR Card; then for example he doesn't visit Canada for an entire year, but returns back in the next year permanently, so will he/she has to declare his income earned outside Canada for the year he wasn't present in Canada or not ?
CASE 1:
I heard that one can show his status as a non-resident of Canada for that particular year and doesn't have to pay taxes on the income he earned outside Canada for that particular year. But if one does so, then will he sustain the status of a Permanent Resident ?
CASE 2:
Secondly, if someone doesn't declare himself as a non-resident for that particular year and declares his income earned in a foreign country, then how much tax does he has to pay for that year ? ( For e.g. if he earned 32,000 CAD / annum ) then how much tax will he/she has to pay ?
Please suggest that what is the best way to declare the tax in this situation ?