My son (Canadian) worked in Spain last year - does he file Canadian Income taxes?

Question

My son worked in Spain for the 2006 tax year. He has dual citizenship (European/German) and has lived there in 2006. Does he file a Canadian Income Tax Return? If so, what about the income and taxes from Spain, do they get included in the Canadian Tax return?

THanks

Answer 1

If your son is a Canadian resident then, yes, he must report all worldwide income. Foreign employment income is reported in Canadian dollars on line 104.If he paid foreign income tax, then he may be eligible for a foreign tax credit.

http://www.cra-arc.gc.ca/tax/individuals/topics/income-tax/return/completing/reporting-income/lines101-170/104/foreign-e.html

Answer 2

Yes, Canadians are required to report all worldwide income. There are special rules that apply to non-residents, but if he is considered a resident here, then he files here.

Spain may be a tax treaty country, in which case, he'd be able to reduce his taxes by the taxes he paid there.

Check with cra for details:

www.cra-arc.gc.ca

Answer 3

you opt for to report both a Canadian and US tax go back. In Canada your taxable income is in accordance along with your international income, so that you opt for to report your US go back first. do not problem, you'll receive a overseas Tax credit on your US tax paid. that is fantastically straight forward. do not problem, thousands of thousands try this in line with annum.

Answer 4

if it is the same here in aust no you don't.
you only have to pay tax's that were earned in your country any offshore money does not have to be declared