Does anyone know what is the tax percentage on the Canadian income and on foreign income?

[Owenimmigrant9j]

say I make 40,000 CAD annual Canadian income and 5,000 CAD annual foreign income. What is tax percentage I will be paying on each for each year ?

 

[torontosm]

say I make 40,000 CAD annual Canadian income and 5,000 CAD annual foreign income. What is tax percentage I will be paying on each for each year ?

It depends on what Province you live in, but here you go:

https://www.ey.com/ca/en/services/tax/tax-calculators-2017-personal-tax

 

[APPNOV2014NY]

You will pay taxes on $45k as a whole. Same tax brackets for Canadian and Foreign income. If you have paid taxes on $5k earned abroad in a country with which Canada has a tax treaty , then you will pay

Canadian taxes on $45k minus tax already paid to foreign equivalent of CRA.

This won't reduce your overall tax liability but you won't be double taxed

 

[Mak Burns]

I agrre, it depends on what Province you live in

 

[BDABCD2009]

Greetings,

I landed and stayed only for a month in Regina/Toronto in June 2018 and then returned back to homeland. Only thing I did during my stay is opened a Bank account. Plan to move permanently in Sep 2019. I'm working in a Canadian govt agency in my home country as a locally employed staff and they agreed to transfer resignation benefits to my Canadian Bank account. But I like to know:

-as this benefits earns in my country will it be taxable in Canada.

-Do I have to file a tax return on June 2019.
-Or I don't have to pay any tax being staying only a month after landed as immigrant.

thank you and appreciate experts view on this matter.

 

[steaky]

Greetings,

I landed and stayed only for a month in Regina/Toronto in June 2018 and then returned back to homeland. Only thing I did during my stay is opened a Bank account. Plan to move permanently in Sep 2019. I'm working in a Canadian govt agency in my home country as a locally employed staff and they agreed to transfer resignation benefits to my Canadian Bank account. But I like to know:

-as this benefits earns in my country will it be taxable in Canada.

-Do I have to file a tax return on June 2019.
-Or I don't have to pay any tax being staying only a month after landed as immigrant.

thank you and appreciate experts view on this matter.

I think you are not tax resident of Canada, so no need to file return and pay tax.

 

[BDABCD2009]

I think you are not tax resident of Canada, so no need to file return and pay tax.

Thank you.