OK, this is retarded:
I pay Korean income taxes at about 5%.
That is a hefty chunk of money to a guy like me.
But, my mother informs me, the Canadian government wants to know about my overseas income....to the tune of taxing my income AGAIN, for thousands of dollars I just can't part with.
They will literally ruin my plans for the future by taxing my again, and for so much.
Our tax guy says that a lot of people can get away with not declaring overseas income, as long as its in a country that they don't have good links with (not England or the US)
What do you think?
I pay Korean income taxes at about 5%.
That is a hefty chunk of money to a guy like me.
But, my mother informs me, the Canadian government wants to know about my overseas income....to the tune of taxing my income AGAIN, for thousands of dollars I just can't part with.
They will literally ruin my plans for the future by taxing my again, and for so much.
Our tax guy says that a lot of people can get away with not declaring overseas income, as long as its in a country that they don't have good links with (not England or the US)
What do you think?
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