Canadians Living or Working Abroad
As a Canadian considering moving or working abroad, it is essential to know how this major life event will affect your residency from a Canadian tax perspective in order to understand and plan your Canadian tax.
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Contact UsWith Citizen Abroad you can feel confident that your tax returns and disclosures are complete, in compliance with current income tax law, and always in your best interest.
The “tax residency” answer can have a significant impact on your overall tax burden both in Canada and your destination: Generally, and using the most basic tax principles, Canadian tax residents are required to report and pay tax on their worldwide income based on Canadian tax law, while those considered non-resident pay tax only on Canadian source income.
Our expatriate tax advisors can assist you with:
- Understanding the tax implications of accepting a relocation request or work assignment abroad in a new country.
- Planning for your more complicated tax situation in your year of move or working abroad and structuring for simplicity or optimal tax results.
- Preparing the appropriate tax returns and disclosures for Canadian (and US if applicable) tax purposes.
- Identifying opportunities and issues with respect to your current financial structure as you settle in a new country (with new tax laws).
Introducing you to trusted tax professionals in your destination country (if not the US) and to our network of cross border financial investment teams, wills and estate attorneys, and immigration and relocation professionals who can assist you with all other aspects of your move.
Let our tax specialists help you with your Canadian expatriate income tax return. Contact us for an estimate.
