Understanding Tax Residency in Canada: How Residency Shapes Your Tax Obligations
Understanding Tax Residency in Canada: How Residency Shapes Your Tax Obligations Residency is the cornerstone of Canadian personal taxation. It determines whether you report worldwide income or only Canadian‑source income, whether you file a T1 return, whether departure tax applies, and how tax treaties influence your obligations. Unlike citizenship‑based systems, Canada relies entirely on residency,…