Short landing & Taxation

[aoamber]

Hello Guys.

I did my short landing 5 days ago and i opened the bank account within RBC Bank. Yesterday, I received the envelope from the bank with Declaration for Tax Residence form on my friend's address in Canada. Issue is I am not planning to come back to Canada in the next 4 months, since I am still working in Dubai and have a notice period to serve. I don't have PR Card yet, so technically, I cannot be considered as Permanent Resident too. Also, Dubai is a tax-free country.

I wonder what exactly I need to mention in the form's section 2. Any ideas?

 

[zardoz]

Hello Guys.

I did my short landing 5 days ago and i opened the bank account within RBC Bank. Yesterday, I received the envelope from the bank with Declaration for Tax Residence form on my friend's address in Canada. Issue is I am not planning to come back to Canada in the next 4 months, since I am still working in Dubai and have a notice period to serve. I don't have PR Card yet, so technically, I cannot be considered as Permanent Resident too. Also, Dubai is a tax-free country.

I wonder what exactly I need to mention in the form's section 2. Any ideas?

You ARE a Permanent Resident once you completed your landing. The PR card is not relevant to your status. You are probably not a tax-resident yet.
Tick the second option and fill in your details / explanation. Are you a tax-resident of your home country as well?

 

[aoamber]

You ARE a Permanent Resident once you completed your landing. The PR card is not relevant to your status. You are probably not a tax-resident yet.
Tick the second option and fill in your details / explanation. Are you a tax-resident of your home country as well?

I am not a tax - resident of my home country too. I don't have any estate there, also I don't have any incomes because I don't live there. Also, according to this explanation, I cannot be considered as Permanent Resident yet - https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/determining-your-residency-status.html

 

[steaky]

I am not a tax - resident of my home country too. I don't have any estate there, also I don't have any incomes because I don't live there. Also, according to this explanation, I cannot be considered as Permanent Resident yet - https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/determining-your-residency-status.html

You may not be a tax resident of Canada, but you are a permanent resident of Canada because you immigrated to Canada (You landed five days ago!):

https://www.canada.ca/en/immigration-refugees-citizenship/services/new-immigrants/pr-card/understand-pr-status.html

 

[aoamber]

You may not be a tax resident of Canada, but you are a permanent resident of Canada because you immigrated to Canada (You landed five days ago!):

https://www.canada.ca/en/immigration-refugees-citizenship/services/new-immigrants/pr-card/understand-pr-status.html

I did land, but I am not in Canada now. But yes it does seem I am not tax resident of Canada.

 

[BC4life]

Keep in mind that if you choose the option that you are not a tax resident of Canada, RBC may revoke your account or your account will be subject to more checks and reviews.
Do you have a SIN? If I were in your shoes and sure to return permanently in 4 months I would just choose the first option.

 

[APPNOV2014NY]

Keep in mind that if you choose the option that you are not a tax resident of Canada, RBC may revoke your account or your account will be subject to more checks and reviews.
Do you have a SIN? If I were in your shoes and sure to return permanently in 4 months I would just choose the first option.

I am not a tax-resident since last 2 years and Scotia has not raised any concerns regarding my account.

 

[aoamber]

Keep in mind that if you choose the option that you are not a tax resident of Canada, RBC may revoke your account or your account will be subject to more checks and reviews.
Do you have a SIN? If I were in your shoes and sure to return permanently in 4 months I would just choose the first option.

Honestly, I overestimated saying that I may come back in 4 months. I would say in 12 month time.
I just wonder what kind of issue it would raise if one is not living in Canada, has no significant ties in Canada and spent less then a week in Canada overall.

However, if what you mentioned is the issue, I will close my account in the bank right away. Don't see any reason to keep money there if I don't even use and don't live there for now.

 

[APPNOV2014NY]

You can use some of the money to build your credit history so that you won't need to start from scratch once you move permanently to Canada. Get a credit card, use it to buy virtual gift cards at amazon.ca. Use money in checking accounts to pay for credit card expenses. Amazon gift cards don't expire and you can use them once you return.

You can also deposit money in high interest savings and earn interest.

 

[steaky]

I did land, but I am not in Canada now. But yes it does seem I am not tax resident of Canada.

One can be permanent resident of Canada whether or not he or she is in Canada.