What taxes do Canadian immigrants have to pay?

Tax residents and non-tax residents have different tax obligations.

In Canada, whether to pay taxes depends on residence rather than nationality. In other words, even if you are a foreigner, if you become a tax resident in Canada, you have to pay taxes. Being a tax resident in Canada means that not only your income in Canada needs to be taxed, but also your income in other countries (including income earned in China) has to be declared and paid to the Canadian government.

Canadian tax bureau

How can I become a tax resident in Canada? The condition is that you have lived in Canada 183 days (about half a year).

If you have completely severed your residence relationship with Canada, and your stay in Canada in the last tax year was less than 183 days, then you are a tax-free resident, and you only need to pay taxes to the government for your specific income in Canada (such as business income, salary income, interest on other deposits, stock dividends, rental income, etc.). ), and income earned in other countries is not required to be declared in Canada. So, if you move out of Canada for some reason, don't think that everything is fine, because as long as you have income in Canada, you still need to pay taxes.

Consequences of not paying taxes

Failure to pay taxes means that you can't get the GST refund you deserve (federal sales tax, which requires extra payment in most daily consumption transactions, and the tax rate is as high as13%); You can't apply for milk money and childcare subsidies for your children, because the government determines the amount of milk money for the next year according to your tax this year; Your pension application will also be affected; As a student, you will lose the opportunity to transfer the tax-deductible tuition to the next year; Your personal credit will be affected and you can't get a loan; In addition, because the tax return of that year is the necessary proof for your family to come to Canada, the tax issue will also affect the visa for your family to come to Canada for reunion.

The beauty of the maple leaf country needs to fulfill its civic duties to enjoy.

In Canada, taxpayers calculate and declare each person's income, tax amount to be declared, tax amount to be reduced or exempted and tax amount to be paid after reduction or exemption. Of course, the calculation can be entrusted to the tax filing company.

What taxes are to be paid and how to calculate the tax rate?

In Canada, the taxable income of individual income tax is divided into four categories: wage income, operating income, investment income and asset appreciation income. The scope of taxation is wide, including commissions, tips and allowances paid by customers, self-employed income, pension benefits, government and private pensions, unemployment insurance benefits, domestic and foreign interest and stock dividend income, asset appreciation income, rental income, RRSP withdrawals, business income, lectures, academic research funds and grants.

Personal income tax is divided into federal tax and provincial tax (each province in Canada has its own tax rate regulations), and the final tax amount needs to be calculated together with these two taxes. The calculation of federal income tax is divided into four grades, which are revised with the annual inflation rate.

Further reading: Canadian immigration project costs

Investment immigrants in Saskatchewan

The applicant's household deposit is not less than 500,000 Canadian dollars, which is about 2.53 million yuan, and needs to be invested in projects designated by the Saskatchewan government. The amount varies according to different projects, not less than 200,000-300,000 Canadian dollars.

Investment immigrants in Manetho.

The net assets of the family are not less than 350,000 Canadian dollars, which is about 6,543.8+0.77 million RMB. It is necessary to invest in projects of not less than 6,543.8+0.5 million Canadian dollars in Manitoba and participate in management. If the application is successful, you need to pay a deposit of 654.38 million Canadian dollars and return it later.

Quebec investment immigrants

The net assets of the family should be above 6.5438+0.6 million Canadian dollars, about 8.65438+0.2 million RMB. Invest in projects of 800,000 Canadian dollars or 220,000 Canadian dollars, of which 800,000 Canadian dollars can be returned to the principal after 5 years, and 220,000 Canadian dollars can be paid in one lump sum.

Prince Edward Island Investment Immigrants

Family assets are more than 600,000 Canadian dollars, about 3.04 million RMB. If you pay 200,000 Canadian dollars as the investment amount and guarantee, you can return it after the residence time is up.

1. Handling fee

Different immigration agencies charge different immigration fees, so applicants can make comparative screening before processing.

2. Visa fee: 250 Canadian dollars per person (about RMB 1270 yuan).

3. Landing fee: 490 Canadian dollars per person (about 2,500 yuan)

4. Translation fees and notarization fees: Different institutions charge different fees according to the amount of translation and notarization materials.

5. Medical examination fee: about RMB1000-2,000 yuan.