Possibility of US citizen giving up Canadian PR card for student visa to pay less Canadian taxes and finish doctoral degree
- Thread starter John Grey
- Start date
You would have the same tax liabilities under a student permit.
Greetings, and thanks for your contribution. So foreign students have to declare (foreign) income in Canada for Canadian taxes? My problem here is that the Canadian government is taxing me on my foreign US retirement income (after I have already paid US taxes. I am being double taxed.
Correct. US requires it’s citizens to pay taxes to the US even if they aren’t residents. You would have this issue in any country. As a Canadian, I can live and work in the US and only pay US taxes. Th Canadian government doesn’t tax citizens that aren’t residents. Complain to the US government to change their tax laws.
You'll need to file these taxes regardless whether you are a PR or not since you are a resident in Canada. You have to declare your worldwide income in both your Canadian and US tax returns.
Double taxation shouldn't be happening. This sounds like an issue with how you are filing your taxes (not with the fact you are a PR). For any taxes already paid in the US, you need to declare these in your Canadian tax return to avoid double taxation. You will likely still owe some tax from a Canadian perspective since Canada has higher taxation rates, however if you file your taxes correctly, there will be no double taxation.
Maybe hire a tax professional to help you?
exactly! It's never double taxed. Hire a qualified accountant to file you Canadian tax return correctly.
oh. BTW. IF and only if you can get your PR revoked, you will need to pay foreign student tuition for your grad school. Did you consider that too?
And as others have replied, you are a tax resident of Canada regardless of being a PR or not.
Hi
1. Then you would be paying international study rates. Look them up at your School.
1. Then you would be paying international study rates. Look them up at your School.
Not true...many Canadian grad schools allow foreign students to pay domestic rates/fees..plus I am on a scholarship.
The issue is not your PR status. Even without PR status, you'll still have to file taxes on your worldwide income since you are living and studying in Canada and are therefore a tax resident. The issue how you've filed your taxes. Get help from a tax professional if you are not sure how to claim taxes paid in the US in your Canadian tax return.
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