Canadian International Taxation: Income Tax Rules for Non-Residents (ePub)

Are you a Canadian who is planning to move overseas, or is already doing so? If so, there are special Canadian income taxation rules that you should know about.

In this book you'll learn about:

• The four phases of internationalization in an individual's "tax life"
• Two key fundamentals that establish how Canada may tax your Canadian-source income
• The types of Canadian-source income that are subject to the Canadian withholding tax
• How the withholding tax rate of 25% may be reduced if you reside in a tax treaty country
• Special elections that may be made with some types of income subject to withholding that may reduce that amount of taxes paid to the CRA
• The "departure year" rules and the so-called "departure tax" that apply to Canadian residents in the year they change their residency to another country

Are you a non-resident of Canada who receives Canadian-source income such as CPP and other government pension income, RRSPs and/or other registered retirement plans, dividends from Canadian corporations, or rental income from Canadian real property? If so, this book will help you understand how Canada taxes your income, and you will also learn about options to help you minimise your Canadian tax bill.

This book is written for Canadian non-residents. Canadians who still reside in Canada, and are considering a relocation to another country in future, may also be interested in my other book, Canadian International Taxation: Income Tax Rules for Residents.

Length: 39 pages