How to file tax for the soft landing days?

[ocanadaocanada]

Hi Everyone,

I just have a quick question on how to file tax for the soft landing days...

For example, if I do a soft landing on December 28th 2019, for that 4 days in 2019, even if I didn't make any money in Canada and did not live more than 183 days in Canada in 2019, I still need to submit some kind of tax form for that 4 days before the April 2020 tax due date, am I correct?

Also, does it make a difference if I land in December and get the SIN in January instead of December?

Thanks in advance for any help and suggestions!

 

[Bs65]

You answered your own question in that if you are only doing a soft landing you will not be tax resident. Don’t think makes any difference whether SIN in Dec or Jan, some people get a SIN when they finally move although always best/recommended to tick off list of things to do as soon as.

 

[21singh]

Hi Everyone,

I just have a quick question on how to file tax for the soft landing days...

For example, if I do a soft landing on December 28th 2019, for that 4 days in 2019, even if I didn't make any money in Canada and did not live more than 183 days in Canada in 2019, I still need to submit some kind of tax form for that 4 days before the April 2020 tax due date, am I correct?

Also, does it make a difference if I land in December and get the SIN in January instead of December?

Thanks in advance for any help and suggestions!

Hi,

It doesn't matter, even you can file the tax as well (obviously it would be 0).
Not sure if you have complete info, the PR people get the benefit of tax rebate for the 1st year. Year starts from date of landing on the CoPR (Confirmation of Permanent Residence) or PR card.

TBH, it doesn't make difference if you land in December & get SIN in January. Either case is same.

Good Luck

 

[sergtr]

Hi,

It doesn't matter, even you can file the tax as well (obviously it would be 0).
Not sure if you have complete info, the PR people get the benefit of tax rebate for the 1st year. Year starts from date of landing on the CoPR (Confirmation of Permanent Residence) or PR card.

TBH, it doesn't make difference if you land in December & get SIN in January. Either case is same.

Good Luck

Hi,

And what about the case if I bought an apartment during the soft landing period? Would I have to pay taxes for the first year? And what would happen if I rented the apartment?

Thanks in advance for your help

 

[21singh]

Hi,

And what about the case if I bought an apartment during the soft landing period? Would I have to pay taxes for the first year? And what would happen if I rented the apartment?

Thanks in advance for your help

Hi,

I guess you need Mortgage as well for getting property. (For mortgage need to show the income as well)
It is very unlikely people do purchase apartment/house on day 1 of landing.
When ever you are purchasing the property, need to pay the taxes.
There is a benefit given to First Time Home Buyers.

Though if you rent out the property, then you can claim the tax benefit on the same when filing the tax for the Fiscal Year (January 01 to December 31).

Good Luck

 

[canuck78]

Hi,

And what about the case if I bought an apartment during the soft landing period? Would I have to pay taxes for the first year? And what would happen if I rented the apartment?

Thanks in advance for your help

You would have to talk to CRA to determine if you are a tax resident.

 

[steaky]

Hi,

I guess you need Mortgage as well for getting property. (For mortgage need to show the income as well)
It is very unlikely people do purchase apartment/house on day 1 of landing.
When ever you are purchasing the property, need to pay the taxes.
There is a benefit given to First Time Home Buyers.

Though if you rent out the property, then you can claim the tax benefit on the same when filing the tax for the Fiscal Year (January 01 to December 31).

Good Luck

Mortgage is not compulsory. Can pay cash upright. People can purchase apartment / house on day 1 of landing. Just need hours to write an offering and paperworks can be done abroad after contact with a Canadian lawyer.