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Tax questions for work visa

stephen92

Star Member
Jan 16, 2017
61
0
Hi guys my visa runs out in April after 4 years im Toronto and I currently have 3 jobs

1 is a salary paid.
2 is a small business partnership
3 Food courier - contractor

I am going to pay an accountant to do it as I have never had 3 jobs and want it to be right.

Once filed what happens when I leave the country?

Can i just tranfer all my income back home? Will i pay any extra taxes.

Do I receive a different taxation rate as a Work holiday visa holder? Someone told me this , get most of it back
 

mad_hatter

Hero Member
Jul 16, 2016
362
65
Your tax rate is the same with everyone else. Your personal exemption will be prorated to the number of days your are in Canada during the tax year. Your accountant will file a departure tax return for you. Any money you overpay will be refunded to you at the end of tax season. CRA will deposit the refund in your Canadian bank account, if you still have one, or mail it to you. You can transfer all your money back to home country free of Canadian tax.