TaxConnections

 
 

Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please enter your input in search

Archive for Stock Plans

Canadian Citizens Moving To China – Can You Answer Their Tax Questions?

Tax Question

NOTE: TaxConnections often receives questions from taxpayers living around the world. This question came in recently and we ask our members how they would answer their three questions.

TaxConnections Members – Please go to the Ask Tax Questions Section and Answer the question there. If you are currently a member just Login to your Tax Professional Member Account. Once you answer their questions, it will be sent directly to them by email. You will be connected as they are searching for a Tax Advisor to to help them as well. TaxConnections also promotes you our our Home Page every time you answer a tax question from one of our site visitors.

QUESTION

My spouse and I are Canadian citizens and are currently visiting China. Although we are not residents of China, we are planning to stay here for a minimum of 3 to 4 years before returning to Canada. During these years living outside Canada, we are planning to file our income tax as a non-resident. We don’t have any significant residential ties to Canada (i.e. we don’t own a home or vehicle in Canada, nor do we have any dependents living in Canada.) For secondary residential ties, the only tie that we currently have is a bank account with RBC, TD and money is sitting in Meridian Credit Union high interest saving accounts. We are still using our Canadian Credit Cards while visiting China.

Read more