Do the Suze Orman products work in Canada?

How does Canada tax me when I work in a country that doesn't have a tax treaty with Canada?

  • I am negotiating a contract with a company that will send me to work in West Africa (Mali). I believe that Canada doesn't have a tax treaty with Mali. The company will pay for me the Mali taxes of 25% but how will Canada look at my income which will be deposited in a Canadian bank. I am to be taxed as far as I understand because I have a wife living in Canada and I have a house in Canada. I was expecting to be taxed at about 30 to 35% in Canada. What happens to my EI, QPIP and QPP contributions. Will Revenue Canada / Revenue Quebec still take those at the end of the year in addition to the Federal and Provincial income taxes when I file my income from another country? Will I lose my EI, QPIP, QPP benefits by working outside of Canada? even if I still file taxes in Canada at the end of the year? Thanks

  • Answer:

    You will report your income from Mali as foreign earned income in your Canada Income Tax return and will account for any taxes you might have paid to the Mail government from your foreign income. If your company pays the Tax, you cannot claim that. Your Tax Status in Canada will be self employed and you will have to pay the EI, QPP, QPIP and Federal and Provincial Tax at the effective rate of the province where you Tax residency is. I would suggest to consult with a Tax Pro and do not call CRA for their advice. www.taxsupport.ca

kingutan... at Yahoo! Answers Visit the source

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