4 ms·
I've done the math - it doesn't really make much of a difference. For both CA and NY the combination of federal and state income tax means the tax rates are act
by potatolicious 11y ago
I've done the math - it doesn't really make much of a difference. For both CA and NY the combination of federal and state income tax means the tax rates are actually pretty similar.
For states without state income tax, of course, that changes things.
At my present income, if Canada wanted a slice of the pie I'd owe a very small cheque to them each year. The paperwork would be more painful than the tax.
And that's assuming you maintain Canadian residency - if not then you're only on the hook for federal income tax, which is strictly going to be lower than whatever you're paying California (you only pay the difference to Canada due to tax treaty), so your total Canadian tax bill will be a whopping $0.
- amscanne 11y ago> And that's assuming you maintain Canadian residency - if not then you're only on the hook for federal income tax I realize that this is a hypothetical, but FYI the CRA has rules that kick in when you're paying taxes and not a resident (e.g. you're a "deemed resident", "factual resident", etc.). Generally you will still be taxed in the province where you have significant ties or last resided.