Remittance to support family in Canada- Taxable

[Oblivion]

Hi

I need an opinion as to whether the monthly remittances that i will make to my family in Canada, will be:

1. whether they will be Taxable
2. How I have to show at the time of landing, about my future earnings which will be earned outside Canada and will be remitted to my family in Canada.

Kindly provide help..

Oblivion

 

[Oblivion]

Any senior having knowledge of the affair please comment.

 

[May2010applicant]

Dear Oblivion;

The matter is not as simple as it seems. I am afraid that having a family in Canada may constitute “significant residential ties” in Canada for you. Consequentially it would become difficult for you to prove that you are a non-resident of Canada for Tax purposes. So not only your remittance but 100% of your annual earnings may be subject to tax…..

Try to go through the following link for more details. Hope it helps and someone with similar experience may find this thread to help you out in this matter.

http://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/rsdncy-eng.html

Residential ties include:
• a home in Canada;
• a spouse or common-law partner or dependants who stayed in Canada;
• personal property in Canada, such as a car or furniture; and
• social ties in Canada.
Other ties that may be relevant include:
• a Canadian driver's licence;
• Canadian bank accounts or credit cards; and
• health insurance with a Canadian province or territory.

 

[Oblivion]

Many thanks for the information Sir..

I will do my research in those lines

Dear Oblivion;

The matter is not as simple as it seems. I am afraid that having a family in Canada may constitute “significant residential ties” in Canada for you. Consequentially it would become difficult for you to prove that you are a non-resident of Canada for Tax purposes. So not only your remittance but 100% of your annual earnings may be subject to tax.....

Try to go through the following link for more details. Hope it helps and someone with similar experience may find this thread to help you out in this matter.

http://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/rsdncy-eng.html

Residential ties include:
• a home in Canada;
• a spouse or common-law partner or dependants who stayed in Canada;
• personal property in Canada, such as a car or furniture; and
• social ties in Canada.
Other ties that may be relevant include:
• a Canadian driver's licence;
• Canadian bank accounts or credit cards; and
• health insurance with a Canadian province or territory.