MacandClark
Mar 5, 2009, 02:25 PM
Dear Experts-
My husband and I are Non Resident Canadians living and working in the Turks & Caicos since 2004. We are planning on moving back to Canada in the later part of 2009- We need advice on how to re-enter the system with our money and where our tax obligations are.
1) Will I have to pay tax on the money I bring back with me? And if so How do I mitigate my tax obligation?
2) When does the tax year end?
3) If we return in 2009 will we be subject to federal or provincial income tax for 2009?- Are they entitled to my earned income even though I was out of country for most of the year?
I appreciate any feedback you many have-
MacandClark
My husband and I are Non Resident Canadians living and working in the Turks & Caicos since 2004. We are planning on moving back to Canada in the later part of 2009- We need advice on how to re-enter the system with our money and where our tax obligations are.
1) Will I have to pay tax on the money I bring back with me? And if so How do I mitigate my tax obligation?
2) When does the tax year end?
3) If we return in 2009 will we be subject to federal or provincial income tax for 2009?- Are they entitled to my earned income even though I was out of country for most of the year?
I appreciate any feedback you many have-
MacandClark