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.
Hi. We recently moved to Canada as PR last January 2018. My employer is based in Hongkong and does not have business ties in Canada. I am working online as Data Process per on-demand basis. I am also required to travel every 6 months for 1-2 months back to Hongkong for Data consolidation and retraining. My question is that i need to file my tax but my software always return that i have Income Tax Refund upon placing all the deductions and tax credits. Is that correct? Its my first time to file Tax Return and I never paid my tax as portion of monthly basis since i do not have T4 to begin with. I am confused, should i have Income Tax Refund or Income Tax Owed?
As a factual resident of Canada, you are required to report your worldwide income to the CRA and pay Canadian income taxes. You should have a tax balance owing because Canadian taxes were not deducted from the income payments made to you. You should hire a professional accountant to prepare you return and I would be pleased to help you.