Before you pack your bags and get ready to live a “tax free” life, there are things to consider like the impact of departure tax implemented by the CRA and that you may have to move your family. “If you are in the highest tax bracket, you could double your income by leaving Canada and working overseas” says Allan Madan, CPA,CA. If you are unaware of the effect this move will have on your finances, visit http://madanca.com/free-tax-secrets/non-resident-a-international-taxes-tips
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.