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Canadian Taxation Of Non-residents And Income Tax Experts

By Expert Author: Ken Donaldson

The citizens of Canada pays taxes on there worldwide income. So, there should be a plan to avoid paying more taxes than you should. Since the system is to pay taxes on all your domestic and overseas income on annual basis, you need to file tax return in Canada. This is the reason for which you require an income tax expert.

According to the non-resident income tax laws, non-resident corporations doing business in Canada in a local corporation, are taxed equally as a Canadian resident corporation pays.

The tax on the gain on the sale of Canadian real-estate by a Canadian non-resident is treated as capital gain or business gain. If the non-resident is purchasing and selling property as inventory, then the transaction is likely to be considered as a commercial business deal and will be taxed on the entire amount of the income gained.

A Canadian tax expert can help and guide you in this regard. Most tax experts suggest not collapsing the RRSP before leaving Canada. Have a look at what types of services the Canadian tax lawyers offer you.

Tax problems – overseas or in Canada
Income Tax Services - Non-Resident
In-partite Assistance
Investment Services (Referral)
Offshore Banking Services (Referral)
Expatriate services
Investment Planning Services (Referral)
Retire Comfortably Abroad

The lawyer can help you to obtain Individual Tax Number (ITN) and or Non- Resident Tax Account Number (BN) to the client. They will assist you to open a GST/HST account number on payroll account and even help you to fill and submit. For you they will file NR5 form so that you can apply to gain the amount of Non-Resident tax withheld reduced.

They can file for you, Non-Resident Tax return under the section 116,216 and 217. Tax paid late will cost you 5% penalty. So, the lawyers ping you before April 30th .

OVERSEAS EMPLOYMENT TAX CREDIT

Overseas employment tax credit is a very important policy for the Non-resident Canadians. This policy is very lucrative for the tax payers guided by the Canadian income tax experts. To avail the benefit of the tax credit policy, you should be an employee of a Canadian citizen. Again you must be working there for more than six months. More precisely you should be working in one of these sectors:

Petroleum, minerals or natural gas resources
Agriculture, construction or engineering sector
Working for the United Nations

The Canadian income tax expert’s works also works as tax defenders and provide assistance, support and information to sort out the problems related to Income Tax to the non-residents. They work closely with there multi-disciplinary team. Most of the cases are being settled by negotiation with the Canadian tax authorities and Quebec.

Moreover, the experts provides you the services to settle down problems like Back taxes, DAS( tax deductions at source), double taxation, confiscation of assets be the tax authorities, solve the problems related to notice from the Canada Revenue Agency or Quebec to submit documents like accounting records,income tax return, sales tax report, questionnaire on assets, etc.

So, in this manner the income tax experts helps the non-residents to solve all tax related issues.


Ken Donaldson is a non-resident tax expert, 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 taxation of non-residents. For more information visit taxca.com.

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