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Rules For Taxation In Canada

By Expert Author: Ken Donaldson

Canadian Government has made special rules for the comfortable stay of its people. Because, of its policies and a stable governance it is a developed country. One of such policies which supports in the smooth running of the Governance system is the special Taxation Policies for the Non residents.

The Non residents’ tax policies are applicable on all those people the people who either are not the residents of Canada and live in another country or those who do not have proper residential ties in Canada. Resident ties includes those people who have lived outside Canada either for the entire tax year or if a person lives in Canada for less than 183 days in a year.

Thus all the people who do not follow the certain things such as having a place of residence in Canada or having a spouse or a common law partner in Canada or not having a property in Canada. In addition to that a person must have some other ties in order to be a Canadian resident which includes having a Canadian driving license and bank account in Canada and a health insurance in a Canadian territory.

Canadian taxation of non residents:

As a non resident of Canada the income tax is paid in order to receive the sources from the Canadian government. The kind of tax that will have to be paid would depend on the income that you receive.

The rules for the Canadian taxation for Non residents have been explained in the Part 13 of the taxation policy.

According to the part XIII of the Canadian Income Tax policy the taxes are deduced from the types of the income. In order to ensure that the correct tax amount that is deducted for the payees, they would need to submit the right taxes.

The Canadian income taxes according to the Part XIII are:

1) Dividends: Dividend may be defined as the payments that are made by the company or the corporate in order to make the payments of the share holders.
2) Rental and Royalty payment: The royalty may be given against a product that originally is of someone else but is used by the company or the corporate.
3) Pension Payments: The pension payments include payment of the pension for the people who have retired from their jobs.
4) Retiring Allowance: It is the amount that is paid on retirement.
5) Registered saving plans: These are the payment plans which are paid on the savings.

In addition to this there are other fees which include the management fees.

In addition to the part XIII tax there is part 1 tax which includes the conditions for the payment of the income tax in accordance with the business in Canada.

According to this payment scheme, if the business is carried in Canada then the tax payments can be seen by referring to the Guide T4002 by the Business and Professional Income in order to find the taxes which are needed to be paid in instalments.

Thus, there are various policies adopted by the government in order to acquire taxes from the government.

About Author:-
Ken Donaldson is a Toronto tax specialist, who practices as an independent tax consultant. He is providing lots of information about how to manage canadian income tax. In this article you can find details information about canadian non-resident taxation. For more information visit taxca.com.

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