Quote: (08-31-2018 08:52 PM)gework Wrote:
From Deloitte:
"Taxation can arise in respect of investment in non resident trusts and offshore investment funds. Non-residents are taxed on certain types of Canadian-sourced income."
Suggests that you must be out of the country for 183 or more days per year.
The rules are more complicated than that. Someone just can't be a travel bum for 183 days and reduce their taxes down to zero.
If you ever get audited and it turns out all you did was spend 60 days in Costa Rica, 40 days in Honduras, et cetera, and just chilling at the beach and banging hookers then they'll likely deem you to be a resident of Canada (because in their eyes they think you'll run out of money eventually and then have to come home).
One has to cancel a lot of ties (credit cards, property, driver's license) and work in an oversea country and I would recommend getting a certificate from that country's tax office saying you are their tax resident.
Actually the whole getting a job overseas thing can be really difficult because youth visas limit you to 180 days. If you have a degree then the easiest thing to do is just work as an English teacher somewhere in East Asia for 183 days.