Soft landing, bank account and taxes

[qaseemab]

Hi there everyone,

I got my PR visa a week ago and did my landing yesterday. I have since then got my SSIN and opened a bank account. I will be leaving canada withinn a couple of days to start my job in Dubai. I dont plan on being back to Canada permanently for the next two years.

However, I have heard that the fact that I have opened a bank account might be problematic for tax purposes. I might end up being taxed on my income earned in Dubai. Can someone guide me about the risk associated with this? Should I immediately go to.my bank and close the account asap? Note that I only opened a minimal checking and savings account. No credit card. And l also only plan on depositing the minimum amount of money to ensure that my monthly fees can be paid for the next two years.

Hoping for.some quick guidance as I am leaving Canada soon!

 

[saani]

Hi there everyone,

I got my PR visa a week ago and did my landing yesterday. I have since then got my SSIN and opened a bank account. I will be leaving canada withinn a couple of days to start my job in Dubai. I dont plan on being back to Canada permanently for the next two years.

However, I have heard that the fact that I have opened a bank account might be problematic for tax purposes. I might end up being taxed on my income earned in Dubai. Can someone guide me about the risk associated with this? Should I immediately go to.my bank and close the account asap? Note that I only opened a minimal checking and savings account. No credit card. And l also only plan on depositing the minimum amount of money to ensure that my monthly fees can be paid for the next two years.

Hoping for.some quick guidance as I am leaving Canada soon!

I was also concerned about this issue. I asked many ppl, what i was told that there ll be no tax on money which we ll earn outside canada.

 

[canuck_in_uk]

Hi there everyone,

I got my PR visa a week ago and did my landing yesterday. I have since then got my SSIN and opened a bank account. I will be leaving canada withinn a couple of days to start my job in Dubai. I dont plan on being back to Canada permanently for the next two years.

However, I have heard that the fact that I have opened a bank account might be problematic for tax purposes. I might end up being taxed on my income earned in Dubai. Can someone guide me about the risk associated with this? Should I immediately go to.my bank and close the account asap? Note that I only opened a minimal checking and savings account. No credit card. And l also only plan on depositing the minimum amount of money to ensure that my monthly fees can be paid for the next two years.

Hoping for.some quick guidance as I am leaving Canada soon!

Just having a bank account does not make you a tax resident. https://www.canada.ca/en/revenue-ag...-moved/determining-your-residency-status.html