How to Leave Canada (become non-resident, 0% tax)

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 34

  • @ronphilpott9199
    @ronphilpott9199 2 місяці тому +1

    Good information! I’ve been thinking of doing this for about a year now! Definitely worth some more research! Thanks.

  • @alcirabello9188
    @alcirabello9188 3 місяці тому +1

    Thanks for taking the tima to explain how to leave Canada.

  • @kevinmckenziee
    @kevinmckenziee 4 місяці тому +2

    Great video!

  • @afzalshaikh2128
    @afzalshaikh2128 3 місяці тому +2

    Great video

  • @y66llhuaweu98
    @y66llhuaweu98 Місяць тому

    Thank you for your lovely content. Question. Interest on Government bonds are not taxed in Canada for non residents. Is the same thing true for corporate bonds? Since both are arms length transactions. I am a non resident of canada with no connections to Canada. I am also not required to file returns in Canada.

  • @LMDM
    @LMDM 4 місяці тому

    How can I email you to ask about referrals? I couldnt find your email in your about page.

    • @Life-With-Tim
      @Life-With-Tim  4 місяці тому +2

      lifewithtim.official@gmail.com

    • @LMDM
      @LMDM 4 місяці тому

      @@Life-With-Tim thank you 😊 emailed you !

  • @FestCoast
    @FestCoast 20 днів тому

    how about crypto? also exit tax on that?

  • @tony.travels
    @tony.travels Місяць тому

    I got my non resident status of Canada but I'm a nomad and not a tax resident anywhere else. I was approved in 2020. Can this lead to problems for me?

    • @eakubali8687
      @eakubali8687 28 днів тому

      Do you have house, car, spouse, children in canada?

    • @tony.travels
      @tony.travels 28 днів тому

      @@eakubali8687 No. But I am a freelance writer and sometimes I have clients from Canada.

  • @babysq7777
    @babysq7777 4 місяці тому

    Yes, spouse and children make you a deemed resident untill they move too. Secondary ties are only considered if primary ties are present, otherwise no

    • @sylvainh2o
      @sylvainh2o 4 місяці тому

      A child over 18 years old would still tie you?

  • @overhul6594
    @overhul6594 4 місяці тому

    What about crypto in a cold wallet can they tax that?

  • @IvanStanislavovich
    @IvanStanislavovich 4 місяці тому

    If I set one tax-country , should I report about any changes then? could the country be changed later? Should I to inform CA gov about it?
    Thanks for the chance to ask

    • @Life-With-Tim
      @Life-With-Tim  3 місяці тому +1

      Just file your deemed year end on the date of departure and for future filings indicate you are non resident.

    • @IvanStanislavovich
      @IvanStanislavovich 3 місяці тому

      @@Life-With-Tim thanks

  • @robertduklus6555
    @robertduklus6555 2 місяці тому

    I have a corporation, not active anymore with around 500 k in retained earnings. Is there any posibility not paying personal taxes all at once on it upon departure?

    • @Life-With-Tim
      @Life-With-Tim  2 місяці тому

      Very unlikely, if you want personalized advice email me at: lifewithtim.official@gmail.com

  • @afififaiq4856
    @afififaiq4856 13 днів тому

    i am from malaysia and i work independent contractor for company canada. How about my tax ?

  • @PartyofSixPY
    @PartyofSixPY Місяць тому +1

    Thanks for this video. I currently have my house for sale. We are moving to Paraguay to get their temporary residency and hopefully move that into permanent residency. Canada is too expensive, too woke, and too cold.

  • @djmaniax403
    @djmaniax403 3 місяці тому

    Does your social insurance number also ties you or u can cancel that too

    • @Life-With-Tim
      @Life-With-Tim  3 місяці тому +2

      No, you don't need to cancel it and i don't even think you can

  • @BRIFFDOGG
    @BRIFFDOGG 3 місяці тому

    If you become a non resident can you still keep your current Canadian bank accounts?

    • @Life-With-Tim
      @Life-With-Tim  3 місяці тому +1

      Yes as long as you hardly use them and have a valid reason to keep them

  • @zamheobi
    @zamheobi 4 місяці тому

    Doesnt that make you a non citizen?

  • @GreenTRC1
    @GreenTRC1 4 місяці тому +3

    Lol then move back and get treated better than a citizen.

  • @GoodLife-ru8di
    @GoodLife-ru8di 3 місяці тому

    Even having a furniture in Canada? Hahahaha