I became a landed PR on June 5th, 2016 and stayed in Canada for week till June 11th. I moved to Toronto permanently on January 18th, 2017. I did not make any income in Canada last year obviously. Do I still need to file taxes? Is it required for me to do so? Thanks in advance for any replies.
question regarding tax filing for new PR
- Thread starter anandg12
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You need to file your taxes even if you did not make any incomeanandg12 said:
1. You will be able to get any benefits due to you
2. You will be able to file online the next year which will be much easier.
3. There are a couple of other reasons I can't remember now, but make sure you file your taxes!!!
One_Topsy said:
I did some googling. It's not mandatory to file taxes in Canada for him. Also , he is not going to get any benefits if he was not Canadian resident for tax purposes for entire year.
https://www.google.com/#q=Canada+pr+%22no+income%22+tax+return
Canada requires filing taxes of world wide income. I landed in May, do not have any Canadian income, but do have a US pension. I read the rules on CRA website, then went to Liberty tax office and paid 140.00 for them to file my tax with Canada. I did my own US tax return.anandg12 said:
I am not an expert, just stating things as I understand it. A tax office will be able to answer your questions over the phone. That way you can be sure of the rule.
NetMecca
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If you have had no income, you are not required to file taxes, however realise that foreign income is also income. Consider that when you decide.
Savings are not income. Income is any money earned during a particular tax calendar year.
There may be reason to file a $0 return, but that depends on your circumstances.
Goo dluck
Savings are not income. Income is any money earned during a particular tax calendar year.
There may be reason to file a $0 return, but that depends on your circumstances.
Goo dluck
you will need to file it any way , as PR you have to file taxes of world wide income as Mr. Snowisland said
but your status can be considered a non-resident status , and you will not pay any thing for the period before Jan 2017
this link is for you:
http://www.cra-arc.gc.ca/E/pub/tg/t4058/
again as Mr. Snowisland said , you have to contact a taxes office, I am in the same case exactly , If I get any new information I will inform you , please If you got any I hope you would inform me as well
best regards.
but your status can be considered a non-resident status , and you will not pay any thing for the period before Jan 2017
this link is for you:
http://www.cra-arc.gc.ca/E/pub/tg/t4058/
again as Mr. Snowisland said , you have to contact a taxes office, I am in the same case exactly , If I get any new information I will inform you , please If you got any I hope you would inform me as well
best regards.
NetMecca
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No income no need to file taxes. However there may be some benefits in filing a zero return. E.g. in some provinces they give you some GST back if you have no income. The resident thing and foreign income may be an issue.
Be sure to speak to a qualified tax consultant.
Be sure to speak to a qualified tax consultant.