Allan Madan recently sat down with Jessica Bruno from the Advisor’s Edge magazine to discuss how Canadians working in foreign countries can take a “tax vacation.” They talk about how you have to sever ties from Canada before moving to your new country and which countries have a tax treaty with Canada. They also touch on the risks of keeping property or investments within Canada while you are gone. Finally, they talk about the process of returning to Canada and how to deem yourself a Canadian resident again.
If you are thinking of working abroad in the near future, you can read Jessica Bruno’s article Can You Take a Working Tax Holiday here.
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