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Does after soft landing your worldwide income is taxable in Canada?

Citizenoftheworld

Full Member
Jun 14, 2020
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1
Would discourage you from opening up a credit card and using it for transactions although you can and then ask CRA whether they consider you a tax resident. Seems easier to minimize ties to Canada until you want to become a tax resident.
Dear canuck
Sorry for jumping on this thread, may I ask what if I have a credit card and didnt use it at all, not evem once on anything inside Canada or online?
Also I have savings (not tfsa) and a checking account both with zero dollars (opened it to facilitate cash transfer when moving permanently)
 
 

steaky

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Nov 11, 2008
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Dear canuck
Sorry for jumping on this thread, may I ask what if I have a credit card and didnt use it at all, not evem once on anything inside Canada or online?
Also I have savings (not tfsa) and a checking account both with zero dollars (opened it to facilitate cash transfer when moving permanently)
It should be fine as long as your bank knows you are non resident.
 
 

steaky

VIP Member
Nov 11, 2008
12,916
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Job Offer........
Pre-Assessed..
I can send them an email they reply usually fast
But if i have no money is it still taxable?
Even there is no money in bank accounts but you designate yourself as Canadian tax resident, you will have to pay tax on your worldwide income. So what you tell your bank is in your interest.
 
 

canuck78

VIP Member
Jun 18, 2017
46,970
11,156
Dear canuck
Sorry for jumping on this thread, may I ask what if I have a credit card and didnt use it at all, not evem once on anything inside Canada or online?
Also I have savings (not tfsa) and a checking account both with zero dollars (opened it to facilitate cash transfer when moving permanently)
You aren't a tax resident although CRA is the only one who can confirm that.
I will contact them
CRA is who decides whether you are a tax resident.
 
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