+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Would opening a Canadian bank account make me liable for taxation

cooldoc80

Hero Member
Nov 1, 2010
761
47
NOC Code......
4111
Passport Req..
No PPR yet , just Passport Biopage request
LANDED..........
I'm Dreaming of July/2015
Dear Experts

I plan to land next month for a short visit , my plan to let my wife settle in canada 6 months a year while i will visit her from time to time ( keeping in mine the 2/5 years Obligation)

my question is regarding the first 3 years after landing which i will only be in canada for approximately 3 months a year and my wife 6 months a year.


I will be working in my country of origin as there is a contract that i cant break for the next couple of years , i already know that if my wife is present in canada for more than 6 months that would make me liable for taxation .


BUT MY QUESTION IS THE FOLLOWING :
Does opening a bank account in my name with my savings would increase the possiblity of me getting taxted or this would not have any influence , or this dosent make any difference at all ?



thanks
 

cooldoc80

Hero Member
Nov 1, 2010
761
47
NOC Code......
4111
Passport Req..
No PPR yet , just Passport Biopage request
LANDED..........
I'm Dreaming of July/2015
Thanks for answer but how would I be taxed if I only live in Canada 3 months a year at the first couple of months !
 

CanV

Champion Member
Apr 30, 2012
1,237
156
Job Offer........
Pre-Assessed..
cooldoc80 said:
Thanks for answer but how would I be taxed if I only live in Canada 3 months a year at the first couple of months !
You need to find out if you are a resident of Canada for tax purposes. Go to CRA website, research on Google or call CRA to find out.
 

vehla_ji

Star Member
Jun 20, 2014
177
17
Calgary AB Canada
Job Offer........
Pre-Assessed..
Doc's Request.
20 march 15
CRA website http://www.cra-arc.gc.ca/

Offices http://www.cra-arc.gc.ca/cntct/tso-bsf-eng.html

contact # http://www.cra-arc.gc.ca/cntct/ntrntnlnqrs-eng.html