Working as freelancer for foreign clients while on work permit

[galaxys0]

Hello everyone, as I understand, you're permitted to work as a freelancer for foreign clients, as long as you don't compete with Canadian citizens and residents.

From canada.ca:

• long distance (by telephone or Internet) work done by a temporary resident whose employer is outside Canada and who is remunerated from outside Canada;

What I want to understand is, to do this kind of work to earn extra money on the side, do I have to pay taxes on that income to Canada? Since I can't be self employed, this wouldn't really be possible.. or would it?

I would need to be self employed from my country of citizenship and form my company/self employment there. Also open the bank account where I would be getting paid from international clients there.

I would be happy to pay those taxes to Canada if it would count towards meeting requirements of the minimum income necessary from parents sponsorship along with my Canadian work.

 

[scylla]

Hello everyone, as I understand, you're permitted to work as a freelancer for foreign clients, as long as you don't compete with Canadian citizens and residents.

From canada.ca:

• long distance (by telephone or Internet) work done by a temporary resident whose employer is outside Canada and who is remunerated from outside Canada;

What I want to understand is, to do this kind of work to earn extra money on the side, do I have to pay taxes on that income to Canada? Since I can't be self employed, this wouldn't really be possible.. or would it?

I would need to be self employed from my country of citizenship and form my company/self employment there. Also open the bank account where I would be getting paid from international clients there.

I would be happy to pay those taxes to Canada if it would count towards meeting requirements of the minimum income necessary from parents sponsorship along with my Canadian work.

Yes - you can freelance provided none of your customers / clients are Canadian themselves or are companies with Canadian clients.

Yes - you would need to declare this income in your Canadian tax return.

 

[galaxys0]

Yes - you can freelance provided none of your customers / clients are Canadian themselves or are companies with Canadian clients.

Yes - you would need to declare this income in your Canadian tax return.

Thanks for the reply scylla.

Do you know where I can find more information about this?

I am trying to understand how this works without being illegal.
So can I just set up a company elsewhere in the world, open bank account there, and then declare the income I earn from that company (from non-Canadian sources) in my Canadian tax return? And count it towards meeting tax requirements for sponsorship?

So that would be all legal right?