Well I posted a long reply,
Submitted by stevegwmonkseaton on Sun, 08/17/2014 - 16:12In reply to A newbie all over again! by Annec
But I do still have most of
Submitted by stevegwmonkseaton on Sun, 08/17/2014 - 16:22In reply to A newbie all over again! by Annec
But I do still have most of the reply...Have a look at this... if you have not already done so http://www.fin.gc.ca/treaties-conventions/in_force--eng.asp worry if you have not! Only joking, there is a lot to learn... I've not read your DTA with Itay (double tax agreement), but likely it will give you an idea what you are up against. Doubt you wife these days has any UK ties, but in any case I don't think it would make a difference - could be wrong...Can't recall the detils of the amount of income you need, but think it was around €10,000 - get used to thinking in Euro... Off the top of my head I can't see how you will get around the tax DTA and your wish to live here for years...Health costs I think will be within your budget, but in any case a lot of comune don’t even ask for it when you apply for residency.There are a number of Canadians here in Abruzzo, unfortunately lots buried as they died here in WW2 (: But as a consequence quite a number now sem to live here. Check around for other forums sites in Abruzzo to get more information.
Hi again, I quickly glanced
Submitted by flyboy on Sat, 08/23/2014 - 13:25In reply to But I do still have most of by stevegwmonkseaton
Hi again, I quickly glanced through our governments website link you posted and it sure sounds to me as if I'm taxed as a Canuck before the money leaves Canada so the Italian government does not tax me again.. thankfully. Yes, I've been to a war grave near Cassino on an early visit to Italy and I was saddened at the sight of so many young Canadian graves. They were hard times for everyone. All of my elder relatives served. My Dad, still living, flew bombers out of England with the RCAF and my Uncle, also still living (94) served in the 4th Canadian Div, twice wounded in Holland. We have a proud heritage.
Hi, thanks for taking the
Submitted by flyboy on Sat, 08/23/2014 - 13:11In reply to A newbie all over again! by Annec
Hi, thanks for taking the time to respond. BTW, If the forum sent me a reply notification I must have missed it.I'm going to check out the link you've added and see how it applies to us. My accountant suggested that Canada and Italy have a tax agreement so if I'm required to file it'll be no tax owning as all of our taxes are withheld at the Canadian source. I don't think we have an option there.Thanks again.
Yes it is a double taxation
Submitted by stevegwmonkseaton on Sat, 08/23/2014 - 15:00In reply to A newbie all over again! by Annec
Yes it is a double taxation agreement (DTA), but the devil (or salvation) is in the detail. Have no idea of the rate of tax in Canada or allowances, but basically if your total tax in Canada is less than that you would pay in Italy, they could do you for the difference. There are lots of other little quirks, but not a great deal to worry about, well until they catch up with you...