Whenever there is a major change in one’s life, it is always important to understand the tax implications of making the major change and how it affects one’s life. When moving to a new country it is important to understand the differences in taxation based off residency. I will explain the following:
• Residency and whether the residential ties will be severed when moving to the U.S.
• Date of residency would change if there is a residency change.
• Tax implications upon becoming a non-resident
• Tax implications for non-residents once they have left Canada
• Any additional advice regarding residency.
Residency
Residency is often referred to as a continuing state of relationship between a person and place. When considered a resident in Canada,
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The date the individual becomes a resident of the new country.
When becoming a non-resident of Canada, the taxpayer would still be considered a part-year resident and is taxed on the worldwide income for the period of January 1 to the date of becoming a non-resident. In your situation, you will be leaving Canada to work on May 1, 2019 but your family will not be joining you until the family home sells. Once that happens and you become a resident of the United States, which will be the day you will become a non-resident of Canada.
Tax implications of becoming a non-resident
When becoming a non-resident, the taxpayer is considered to have disposed of the assets owned at fair market value on the date that the taxpayer has no longer become a resident of Canada. The following types of property are exceptions to the deemed disposition rules:
• Canadian real or immovable property and Canadian resource property.
• Business property, including inventory of a business carried on through permanent establishment in Canada.
• Registered pension plans, including personal and employer-sponsored plans, deferred profit-sharing plans and tax-free savings
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The rules state that if the non-resident taxpayer is receiving Canadian source pensions, annuities, management fees, interest, rents or royalties will have Part XIII tax withheld which is normally around 25% but may be lower depending on the tax treaties. A non-resident taxpayer may elect under ITA section 216 to pay Part 1 tax on rental income. Since the only income that you will have ongoing in Canada is rental income, we suggest considering this election. When this election is made, the non-resident taxpayer files a separate return including the gross rental revenue and deducting the relevant rental expenses. No other deductions are available and personal tax credits may not be claimed. If you do not make this election, you will have to withhold 25% of the gross rental income rather than 25% of the net rental
... A successful strategy in the accommodation of national minorities within a liberal democracy could be founded upon mutual trust, recognition and sound financial arrangements. However, a certain degree of tension between central and regional institutions may remain as a constant threat in this complex relationship since they entertain opposing aims. The federal governments determination to protect its territorial integrity, and its will to foster a single national identity among its citizens clashes with Quebec’s wish to be recognized as a separate nation and decide upon its political destiny and to foster its distinct identity (Guibernau pg.72). Moreover, if the ROC and the federal government can come to an agreement on terms that satisfy the majority and an identity that encompasses the heart of a country; Canada will continue to exist with or without Quebec.
According to Keeping and Shapiro, “The term ‘global citizenship’ is increasingly heard, especially in Canada, but rarely defined.”(as citied in Block and Friesen, 2012, page 215) I believe if a person who would like to place their own identity with a global community through actions much more than their identity about values and practices, they will become a part of global citizenship. After learning in ELLA 0360 textbooks, there are three people that stand out. They are Dr. Christopher Opio, Lindsay Willms and David Suzuki.
Canada has continuously served as a home to immigrants and refugees from decade to decade harbouring people from a variety of cultural and ethnic backgrounds. The first set of immigrants to settle in the country came from Britain, the United States and from other nationalities mostly including immigrants from Europe who were either desperate to escape from religious or political turmoil or were simply attracted to Canada’s economic promise. Soon after the Canadian confederation in 1867, immigrants from Irish and Chinese backgrounds who occupied most of the country were used as workers and the demand for labourers to develop the country increased rapidly as more Chinese descents were imported to build the Canadian Pacific Railway. Although, Canada opened its doors to immigrants, but the country also intended to gain human resources for work in the farms, in the forests, factories and mines but not everyone was equally welcomed in Canada.
Every year, over 250,000 people make Canada their new home. Attracted by its education system, economy and universal healthcare system, there are few other places in the world like it. All Canadians are guaranteed equality before the law and equality of opportunity, regardless of where they are from. However, some might argue that Canadian policy has not been put into practice as well as it should be. Is the concept of true equality a far-fetched idea? It seems that Canada has taken great measures to promote the integration of immigrants socially, but can the same be said for their integration economically? Politically? To judge whether or not Canada has been successful at promoting the integration of immigrants in these realms, a deeper understanding of Canadian policy must be considered.
The Portuguese immigrated to Canada around the 19th century. It all started in the year 1953, when a group of Portuguese pioneers immigrated to Canada (Moura, 2003). Once the first couple of Portuguese pioneers crossed the ocean to immigrate into Canada, others followed and sort of started a wave. However, in 1957 a volcano erupted, known as the Capelinhos, which end up making Portuguese families and pioneers move to North America (Morrison & James, 2009), because the living conditions had changed. Many Portuguese people immigrated to Canada in order to make a better living, looking for a job for them to survive and to not serve the war. This paper will discuss the Portuguese minority ethnic group in Canada, and to take a further look into details. It will discuss the Portuguese arrival into Canada, and the statistical characteristics of the Portuguese population in Canada. It will also mention the number of Portuguese that there are, where they settled when they first arrived into Canada, problems they encountered in regard to prejudice and lastly converse about whether or not they had any presence in the criminal justice system.
Frances Abele, How Ottawa Spends 1991-92: The Politics of Fragmentation, McGill-Queen's Press-MQUP, 1991, 381 pages. William Kaplan (editor), Belonging : The Meaning and Future of Canadian Citizenship, McGill-Queen's Press-MQUP, 1993, 387 pages.
Canada's immigration policy is based upon principles of family reunion, humanitarian concern for refugees, and the promotion of Canada's social, economic, demographic and cultural goals.
The country of Canada is known for its celebration of diverse population and multiculturalism. For years foreigners have been immigrating to Canada to find better opportunities for themselves and their families. Citizenship offers protection of human rights and freedoms including mobility and equality among others, under the Charter. (Canadian Charter, 1982, s 6(2)(b)) The status of Canadian citizenship first started with the official Citizen Act in 1947, which distinguished Canada from other parts of the British Commonwealth. “Before 1947, residents of Britain, Australia, and New Zealand could without limitation immigrate to Canada whenever they chose … Canadians had the same rights to move to those countries and exercise political rights” (Dickerson, Flanagan & O'Neill, 2009). As the country has become more developed, the state of immigration has changed with it. The process of obtaining legal citizenship today is varied according to the applicants’ circumstances. The current state of immigration into Canada is shaped by these paths to citizenship.
Canadian Charter of Rights and Freedoms not only guarantees fundamental freedoms for Canadian citizens, but it also includes landed immigrants and refugees (Ed Corrigan, 2015). Under section 2 of the Human Rights and Freedom, everyone is entitled to democratic rights (S. 3-5), mobility rights (S.6), legal rights (s.7-14), equality rights (S.15), and language rights (S.16-22) (Government of Canada, 2016). Section 6 is very important for immigrants because it guarantees mobility rights for all permanent residents. This allows the freedom of movement within Canada and does not allow for the restriction of newcomers to just reside in one specific
Canada's immigration policies changed many times after the end of WWII. Before WWII the immigration policies were "picky" on the people who wanted to come to Canada, but after, it was fair and equal to everyone. Canada's immigration policies changed drastically from being discriminative to being fair and equal to everyone, every country and race after WWII. This act to eliminating discrimination was successful because of; the introduction of the Point System, the introduction of New Immigration acts/policies, and finally the changes made in accepting Refugees. These action completely changed the immigration policies.
Canada is a very big country where many immigrants want to achieve their goals and have a good life. According to government statistics (October 2013) population in Canada is 35,295,770 and is still increasing. Every year more people from every country in the world are moving to Canada to settle down, find new job, and start perfect life. It is very hard to behave like born and raised as Canadians for people from different countries, cultures and with different backgrounds. Canadian government is supporting newcomers trough many trainings and courses, but this is immigrants responsibility to be prepared for new circumstances, they have to do a lot of job themselves just to feel safe and secure in new place and life. Immigrants should considered few very important things before they will make their decision about changing place and life style. While they can be great specialist in their field, emigrants have to learn about Canadian culture, Canadian workplace rules, and what’s most important they have to adopt this knowledge to their new life.
Retrieved from http://www.statcan.gc.ca/pub/11-008-x/2007004/10312-eng.htm Government of Canada. ( 2005, January 3). Evaluation of the immigrant settlement and adaptation program (ISAP). Retrieved from
As mentioned in the readings, Canada and the United States are similar in some respects to immigration as both have had similar experiences with their history of immigrants and the influx of immigrants to their countries. One important important difference to highlight is how Canada is far more welcoming to immigrants than the United States. Indeed, Canada can serve as a model for the United States to help facilitate immigrant incorporation and assimilation. One of the ways Canada differs from the United States in regards to immigration is at the policy level.
What do you know about being Canadian? Test your knowledge. Can you name two responsibilities of citizenship? What are three requirements you must meet in order to vote in a federal election? What is the meaning of the Remembrance Day poppy?
Being an international student is exciting. It offers a lot of exposure and scope for improvement. Canada has a lot of institutions that accept foreign students, but before that, the practical difficulties an international student might face in the country should be noted.