Paying Tax On Your World Income

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Canadian residents pay tax on their world income. If you have income in a country other than Canada and you are resident here, then that income must be reported on your Canadian tax return. If you make money in a country that does not charge tax, you are still taxable on that money in Canada. In order to avoid paying Canadian income tax, you have to cut all your ties to Canada and preferably stay away for a while, like years. Otherwise you have to report and pay on the income you earn anywhere in the world.


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