Do nonresidents of Canada have to pay taxes on gains from a canadian brokerage?
In general any income derived from a Canadian source will be subject to income tax in Canada even if the person receiving such income or gain is not a resident of Canada.The question is whether there is a need to file a tax return in Canada or not.The answer depends on the nature of the transaction yielding the gain.The below link to Canada Revenue website discusses this issue in details.
http://www.cra-arc.gc.ca/tax/nonresident...
Source(s):
http://www.cra-arc.gc.ca/tax/nonresident...
If you live in the US and the income was earned in the US then it is income. So the answer is yes. See it does not matter where the money came from it is where you were when you got the money.
|
