Does after soft landing your worldwide income is taxable in Canada?

[Citizenoftheworld]

Would discourage you from opening up a credit card and using it for transactions although you can and then ask CRA whether they consider you a tax resident. Seems easier to minimize ties to Canada until you want to become a tax resident.

Dear canuck
Sorry for jumping on this thread, may I ask what if I have a credit card and didnt use it at all, not evem once on anything inside Canada or online?
Also I have savings (not tfsa) and a checking account both with zero dollars (opened it to facilitate cash transfer when moving permanently)

 

[steaky]

Dear canuck
Sorry for jumping on this thread, may I ask what if I have a credit card and didnt use it at all, not evem once on anything inside Canada or online?
Also I have savings (not tfsa) and a checking account both with zero dollars (opened it to facilitate cash transfer when moving permanently)

It should be fine as long as your bank knows you are non resident.

 

[Citizenoftheworld]

It should be fine as long as your bank knows you are non resident.

I dont really know i opened the file put my friends address for bills thats it

 

[steaky]

I dont really know i opened the file put my friends address for bills thats it

Is there any way can phone your bank to find out?

 

[Citizenoftheworld]

Is there any way can phone your bank to find out?

I can send them an email they reply usually fast
But if i have no money is it still taxable?

 

[steaky]

I can send them an email they reply usually fast
But if i have no money is it still taxable?

Even there is no money in bank accounts but you designate yourself as Canadian tax resident, you will have to pay tax on your worldwide income. So what you tell your bank is in your interest.

 

[Citizenoftheworld]

Even there is no money in bank accounts but you designate yourself as Canadian tax resident, you will have to pay tax on your worldwide income. So what you tell your bank is in your interest.

I wasnt asked at all, if iam or not

 

[steaky]

I wasnt asked at all, if iam or not

It does not matter. You need to find out what tax status they record you as.

 

[Citizenoftheworld]

It does not matter. You need to find out what tax status they record you as.

If they change it now is it fine?

 

[steaky]

If they change it now is it fine?

Not sure. Might be late.

 

[Citizenoftheworld]

I will contact them

 

[canuck78]

Dear canuck
Sorry for jumping on this thread, may I ask what if I have a credit card and didnt use it at all, not evem once on anything inside Canada or online?
Also I have savings (not tfsa) and a checking account both with zero dollars (opened it to facilitate cash transfer when moving permanently)

You aren't a tax resident although CRA is the only one who can confirm that.

I will contact them

CRA is who decides whether you are a tax resident.

 

[Citizenoftheworld]

You aren't a tax resident although CRA is the only one who can confirm that.


CRA is who decides whether you are a tax resident.

I will phone them up too and hopefully will get through this time, thank you

 

[fn_hkwae]

I will phone them up too and hopefully will get through this time, thank you

hi I just get into the same situation. Did u have any feedback?

 

[Citizenoftheworld]

hi I just get into the same situation. Did u have any feedback?

You don't have to pay taxes