2 ms·
The US is unique in that you're always considered a tax resident. But for example, if you live in Canada and decide to travel to a few countries for a few mont
by refurb 4y ago
The US is unique in that you're always considered a tax resident.
But for example, if you live in Canada and decide to travel to a few countries for a few months at a time as a digital nomad, getting paid in those countries, then come back to Canada, you have to declare and pay tax on all that foreign income in Canada.
You need to actually break tax residency in Canada in order to stop paying taxes. And it's not easy, you need to pay all capital gains tax due as if you sold everything the day you break residency.