WillNy29
Registered User
- Jun 20, 2018
- 962
- 1,156
Genuinely interested here... so what would the benefit be for a guy like Marner who's a Canadian resident living in Canada/Ontario? Can you just up and buy a house in Arizona if you're Marner and call yourself a resident to get the cheap tax rate on a signing bonus like Matthews?
Not quite as easy,
Theres a few rules. You have to essentially eliminate all ties to Canada to no longer be a resident. They look at the following significant ties:
Spouse or common law in canada
Dependants in Canada
A home in Canada
And then they look at a bunch of other secondary things like:
Social ties (club memberships) in Canada
Canadian credit cards or bank accounts
Passport and license etc
If they can prove that the combination of these things are more in the favor of you being a Canadian resident you pay canadian tax on all income(regardless of what country its earned in, however youll get some kind of foreign income tax credit).
Now if youre deemed not a resident of Canada but you end up spending 183 days in Canada regardless of if its tourism or not you will pay Canadian taxes for something called the sojourning rule.