How do I file Canadian taxes if I am living abroad?
File your Canadian taxes if living abroad by following the steps:
- Step1. Determine Your Residency status:
- Resident : You maintain significant ties to Canada (e.g., a home, family, bank accounts). You must report worldwide income.
- Non-resident: You live abroad and don’t have significant ties. You report only Canadian-source income.
- Deemed Resident: You live abroad but are considered a resident due to specific criteria (e.g., working for the government).
- Deemed Non-resident: You’re considered a non-resident due to tax treaties.
- Step 2. Gather Necessary Documents: T-slips (e.g., T4, T5); Receipts for deductions and credits; Foreign income statements.
- Step 3. Register with the CRA (if not already registered)
- Step 4. Complete the necessary forms
- Step 5. File electronically or by mail
- Step 6. Pay any taxes owed
- Step 7. Keep records
- Step 8. Special considerations (i.e : Tax treaties, Foreign tax credits, Departure tax)
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