Here is how you can retire as an ex-pat without tax liability in Canada
Those who have lived in numerous countries and contributed to multiple national pensions can take advantage of Canada's international social security accords and also keep an eye on tax liability in Canada, which can help coordinate pension schemes between countries.
What are the 3 main types of taxes in Canada 2023?
It's a common misconception that there are only two types of taxes in Canada. While you may have heard the term "income tax" or "corporate tax," you may not know that there are actually three main types of taxes in
Here is how to reduce taxable income in Canada as an ex-pat
Recently, North Americans in the United States have shown an increased interest in traveling to Canada. Moving to Canada from the United States is something that many people do for various reasons. Some people are drawn to the area because
How to escape double taxation by international tax treaties?
Double taxation is a nightmare for every taxpayer. If you have a multinational presence, you should always be updated on the latest rules about international tax treaties to avoid double taxation. The rules may be complicated to a layman and
Mutual VS Exchange-Traded Funds: Which Is Better?
Exchange-traded funds (ETFs) and mutual funds share many similar characteristics. Both kinds of funds are a popular method for investors to diversify because they are made up of a variety of different assets. While mutual funds and ETFs have many
Why International Tax So Important To The US Tax Code?
The international tax is among the vital aspects of the US tax code. Especially, multinational firms or organizations with cross-boundary presence are subject to international tax. The IRS keeps modifying and bringing new pointers frequently to the international tax. This
Does international students gets a tax return for tuition in Canada?
It's crucial that you are aware of your rights, liabilities, and obligations under Canadian tax law if you are an international student studying in Canada. It is your responsibility to ascertain your tax status and make the necessary tax payments
How To Save Tax By Sending Money To Family As Ex-Pat?
Can ex-pats save tax by sending money to their families in the USA? American ex-pats living abroad come across certain sticky situations when it boils down to taxpaying. The most significant of them is double taxation. Ex-pats are always anxious about
How To File Tax Returns As A International Student In Canada?
Even if you have no income, you are required to file tax returns as a student studying in Canada. The Canada Revenue Agency (CRA) publishes a list of tax submission instructions for international students Every year, the fiscal year spans from
The Truth About Gas Tax Holiday In Canada You Need To Know
Is Canada going to follow the USA on Gas Tax Holiday? Gas Tax Holiday is a scheme currently running in 5 provinces in the U.S. as a respite from the surging fuel costs. Under this scheme, state tax on cars and