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5.31. Exceptions to Canadian income rule
Dear rob
Thanks for the link , very informative , dosent the below sentence means that if i declare my world wide income (if my the tax accountant told me i should file) then I could sponsor them ?
Thanks
The exceptions to the Canadian income rule are as follows:
• sponsors who commute from Canada to work in the U.S.A. can use their U.S. employment income provided it is declared as income on their Canadian income tax return;
• sponsors living in Canada who declare income from foreign sources on their Canadian tax returns, can use this foreign income to meet the financial requirements for sponsorship.
No, it quite clearly says to count foreign income you must be
living in Canada (so physically inside Canada) while the foreign income is earned. Your foreign income earned while living in a foreign country, should NOT count for LICO whether you file a CRA tax return on it or not.
Regarding your tax issue, read this folio from CRA.
https://www.canada.ca/en/revenue-agency/services/tax/technical-information/income-tax/income-tax-folios-index/series-5-international-residency/folio-1-residency/income-tax-folio-s5-f1-c1-determining-individual-s-residence-status.html
There is more to being a deemed or factual resident for tax purposes only, than physically being in Canada. Even if one never steps foot in Canada in a given year they may still be a deemed resident simply due to the
ties they have to Canada. Ties can be things like family living in Canada, property owned, financial accounts open, registered savings plans, membership in clubs, your intent to return to Canada in the future, etc etc. There is no easy yes or no answer as whether you are a resident or non-resident for tax purposes so owe taxes on your foreign income, as in the end it's at discretion of CRA based on their analysis of all your ties.
You can try contacting CRA to see if you should be a resident or non-resident in those years.