"According to Jamison Aldcorn, author of Contemporary Practices in Financial Planning (CCH/Advocis Education Programm) "Canada imposes tax on the twin basis of residency and income source.
For example, Canada taxes its residents on their world wide income. It taxes non - residents on income earned in Canada"
The question therefore arises "Where do I fit in relation to income which is generated in Canada?
Think: dividend income from companies which are traded on the T&T Stock Exchange whose parent company is registered in Canada;
Bank accounts which hold Canadian dollars, rental income from properties located in Canada....
Was tax deducted at source on the funds (income) earned over the year?" How do I report on same?
For example, Canada taxes its residents on their world wide income. It taxes non - residents on income earned in Canada"
The question therefore arises "Where do I fit in relation to income which is generated in Canada?
Think: dividend income from companies which are traded on the T&T Stock Exchange whose parent company is registered in Canada;
Bank accounts which hold Canadian dollars, rental income from properties located in Canada....
Was tax deducted at source on the funds (income) earned over the year?" How do I report on same?
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