newcomer taxation half and half

[tiktak]

Hi guys. Appreciate if anybody could give some sort of inputs?
Landed in 2013 on papers. My wife and duaghter physically moved to canada on May 2014. I decided to stay in my home country while supporting my wife for her cpa certification. My wife has nil income except for bank interest. I know i establised significant ties since may 14 but confused if it applicable to newcomer. Question do i have to pay tax in canada for my earning abroad? Thank you..

 

[GPSiConsultant]

Although you don't pay tax on your world income, that is income earned outside of Canada while not being a resident of Canada, you should be reporting your world income in Canada in order to satisfy the 90% rule. So the short answer is no you won't be taxed on income earned from outside of Canada, while not being a resident of Canada. Since you won't be taxed on it, and you find it is necessary to file a Canadian Income Tax Return, you should be reporting your world income to benefit from the tax credits that would otherwise be prorated since you arrived subsequent to May 2014

 

[tiktak]

Although you don't pay tax on your world income, that is income earned outside of Canada while not being a resident of Canada, you should be reporting your world income in Canada in order to satisfy the 90% rule. So the short answer is no you won't be taxed on income earned from outside of Canada, while not being a resident of Canada. Since you won't be taxed on it, and you find it is necessary to file a Canadian Income Tax Return, you should be reporting your world income to benefit from the tax credits that would otherwise be prorated since you arrived subsequent to May 2014

Very much appreciated sir!