Paying taxes in canada while abroad with your own Biz

[Pingdong]

As I understand it even when abroad if you are still a resident of Canada you must pay taxes there.

I am a resident in Canada but I have a business and live here in Taiwan. All my money gets put into my bank account in Canada, so they will have electronic records of all of it, no hiding that.

So I have figured there is no way out of this gouge, so I am going to go ahead and start filing it.

But I am wondering because its my own business, do I still need a biz license and all the otehr fees associated with doing this business in canada? Or can i just simply state self employed and leave it at that? I cant see why I would need one at all seen as nothing but the final income even touches canada, but too often things tend to make less sense than they should.

Thanks for any input

[spaint]

Why are you being classified as a resident of Canada for tax purposes? Do you own a house there?

If I were you, I'd have all my money deposited into a Taiwanese bank account under a Chinese name. Hell, even if I had to go to Hong Kong and open an account there it'd be better than paying taxes to Canada for nothing.

As for your actual question, I can't see how the Canadian government can require you to have a Canadian business permit for an enterprise that isn't even in Canada. Don't worry about it.

[Pingdong]

I do have a house there, and we rent it out there. I also have some other benefits there I don't want to give up.

I see what you mean...I will look into that. But eventually we are moving back, in a few years, and ultimately the money is going to end up back there....I would think that a large amount all at once would raise more questions, no?

[spaint]

I see what you mean...I will look into that. But eventually we are moving back, in a few years, and ultimately the money is going to end up back there....I would think that a large amount all at once would raise more questions, no?

Traveller's cheques?

You say "we"... is there any way your spouse could help get around this or is she also of Canadian nationality?

[Pingdong]

to revive this thread (sorry I missed your post), she is taiwanese. So for a while I was taking payment through my Canadian bank, not huge amounts, always under $2000 at a time, usaulyl around 600-1300(CAD). But I think I am going to file my taxes this year as i made about 25k last year this way on the record, so would need to pay on about 19k. Im also thinking because we own and rent out our house in canada (on the record, all legal) i should probably be more careful crossing my t's and dotting my i's

[Mucha Man]

Yeah, the problem is the house ownership though I know a few right-wing blowhards who like to talk about welfare cheats lied to get around this (ie, had in their family member's name though they were sending payments back).

But yeah, if you plan to go back, and use the health and retirement system in later years best to comply.

Also, if you are only paying on 19k it's a tiny amount to keep yourself on the level.