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Q: UK/Canadian Tax Treaties and Tax havens for Ex patriots ( No Answer,   2 Comments )
Question  
Subject: UK/Canadian Tax Treaties and Tax havens for Ex patriots
Category: Business and Money > Accounting
Asked by: stusambell-ga
List Price: $50.00
Posted: 04 Apr 2006 17:26 PDT
Expires: 04 May 2006 17:26 PDT
Question ID: 715503
I have moved from the UK to Canada seven months ago. I am on a 1 year
Visitors Visa and my Kids are on 1 year school permits, we have
applied for residency as well.  My home and Investment properties are
in the UK.  Should I pay Income Tax and Capital Gains Tax to the UK or
to Revenue Canada.  Are there any offshore trusts that can be created
to avoid higher Taxes?  I require an Immigration Tax specialist or
Accountant with knowledge of International Tax Treaties.
Answer  
There is no answer at this time.

Comments  
Subject: Re: UK/Canadian Tax Treaties and Tax havens for Ex patriots
From: jos2-ga on 25 Apr 2006 04:28 PDT
 
As you said in the question that you have applied for residency as
well, this means that you now have to pay the tax to the canada
revenue because you are now staying in canada
Subject: Re: UK/Canadian Tax Treaties and Tax havens for Ex patriots
From: myoarin-ga on 25 Apr 2006 06:17 PDT
 
This is a free comment, not an "answer" to your question, which only a
G-A Researcher with a blue name can post.

Here is the UK-Canada treaty about avoiding double taxation:
http://www.hmrc.gov.uk/cnr/app_dtt.htm
http://www.fin.gc.ca/treaties/cndtxtreat_e.html

Hopefully identical.

And, of course, there are websites and books on the subject:
http://www.grantthornton.ca/tax/articles/TAX-Nwsletter_Transferring_UK_Pension_02-19-05.pdf
http://www.horwathcw.com/publications/taxintheUK.pdf
http://www.lexisnexis.ca/bookstore/bookinfo.php?pid=1287

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