Paying Taxes In Canada vs US While working on TN Visa.
Oct 26, 2020
16 Comments
Is it worth it to pay taxes in California, US as opposed to in Ontario, Canada while working in the US on a TN visa? I currently work in Illinois and paying .y taxes in the US but I am moving to California soon and wondering if it is best to change my tax payment to Canada since California taxes are high.
The disadvantages of not paying taxes in Canada prevent you to access loans as a Canadian residence. Banks tend to treat you as a foreign investor. Also, you lose access to your TFSA privilege.
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If your employer is based out of California or you reside in California, then you pay taxes to California.
Paying taxes to Canada is a choice you can make, but America has first dibs on all the money you owe. You can pay extra taxes to Canada if you want, America don’t care about that.