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| *The Commerce Journal>>>Canada Taxes |
If I am working in Canada on a work Visa, do they still take out taxes for Canadian Pension? |
Hi! I am going to be offered a job in Canada on a work visa, and I am trying to calculate how much money I will lose to taxes in moving from the U.S. Do they take out CPP taxes if you aren't a Canadian citizen? yes youll have to pay but when you do retire it will be transfered over to you in the USA Source(s): Real Estate Administrative Secretary - was the assistant to an accountant at my last job ( I did payroll) http://www.cra-arc.gc.ca/tax/business/to... Ordinarily, you'd be subject to CPP, but Canada and the US have a social security agreement. You'd be best served to contact CRA and/or the IRS with details of your planned employment to determine which plan you'd be covered under. It makes a difference if your employer is American or not. http://www.socialsecurity.gov/internatio... |
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