If I work overseas(Middle East)and get paid in US dollars from a Canadian company,do I still pay full taxes?
if meet conditions, may qualify overseas employment tax credit. these credits available people canadian residents, or deemed residents, employed specified employer resident in canada, , work qualifying activities. 1 of qualifying activites exploration or exploitation of petroleum products.
effect of credit 80% reduction in federal taxes payable on first 100,000 cad income. wouldn't matter if paid in american dollars.
check out cra publication it-497r4 more information, , talk employer it. contact international tax services office @ 1-800-267-5177.
not apply @ if self-employed.
i working in dubai on rotation 30/30.i paid in dollars canadian company.i consluting them eveything make in full.it me save enough taxes.do need pay taxes in full or there tax break.i hear couple of different stories form people.
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