Ask Allan Forum

Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.

Am I resident for t...
 
Notifications
Clear all

Am I resident for tax purposes?

2 Posts
2 Users
0 Reactions
1 Views
Posts: 0
(@Anonymous)
Joined: 1 second ago
[#395]

I arrived in Canada on the 5th of March, 2020 to start a full-time job in the Toronto area for which I can a Work Permit for 2 years. I am not authorized to work in any other occupation or for any other employer. My letter of employment says that I have employment for an indefinite period of time. However, I have not applied or intend to apply, for permanent residence in Canada and have bank accounts and a private limited company in the UK.


1 Reply
Posts: 663
(@dexter)
Joined: 3 months ago

You may be a tax resident of Canada. According to the double taxation treaty between the UK and Canada, you are a resident of the country where your permanent home is located. A permanent home can either be rented or owned by you. If you have a permanent home in both Canada and the UK, then you are a resident of the country where your personal and economic ties are strongest.


Reply
Share: