Business

Everything you need to know about establising and running a business in Canada.

74 topics in this forum

  1. Building your own Business in Canada

    • 16 replies
    • 4,727 views
  2. Links

    • 0 replies
    • 1,917 views
  3. Please help me to understand PSR law

    • 1 reply
    • 126 views
  4. Immigrate with mother in law

    • 2 replies
    • 1,033 views
  5. Register a Canadian Corporation with RSA Partners

    • 2 replies
    • 727 views
  6. Starting an online clothing store

    • 8 replies
    • 890 views
  7. Starting & operating a small business in Canada

    • 4 replies
    • 1,922 views
    • 0 replies
    • 724 views
    • 6 replies
    • 791 views
  8. Networking from SA

    • 4 replies
    • 617 views
  9. Establishing a new business

    • 2 replies
    • 571 views
  10. Import/Export Traders in SA

    • 3 replies
    • 927 views
  11. Tax on foreign income

    • 1 reply
    • 658 views
  12. Software in Canada

    • 2 replies
    • 1,242 views
  13. what did/do you work

    • 20 replies
    • 3,536 views
  14. Bradfordbrown Design

    • 0 replies
    • 738 views
    • 7 replies
    • 1,302 views
  15. Alberta King Pie available for development

    • 2 replies
    • 965 views
  16. Are you technically inclined?

    • 1 reply
    • 965 views
  17. CHIMNEY SERVICE BUSINESS - $250,000.

    • 0 replies
    • 710 views
  18. Great business opportunity

    • 0 replies
    • 848 views
  19. Help needed

    • 0 replies
    • 985 views
  20. How to start a business in BC

    • 12 replies
    • 1,906 views
  21. Looking for Partners

    • 1 reply
    • 1,033 views
  22. Small Business BC Research Library

    • 0 replies
    • 666 views
  • 5 Most Recent Posts

    • LidiaS77
      Something to keep in mind is that there is a double taxation treaty between South Africa and Canada. The conditions in this treaty take precedence over either country's domestic laws, even if South Africa passes this law. According to Article 4 of the treaty and to Canada's definition of a tax resident you can be considered a resident of Canada for tax purposes if you have a permanent home there and not in SA (regardless of how long). This means that you only have to pay tax in Canada and not in South Africa, regardless of SA's own laws (some exceptions e.g. for different types of tax etc.). As far as I can tell, if you still have a permanent home in SA as well then this might be different, but if you don't then you can be considered a resident of Canada only, for the purposes of the treaty. This means that this law won't affect people who have a home in Canada and not in SA ("he shall be deemed to be a resident only of the State in which he has a permanent home available to him"). To change this they would have to change the actual treaty which they are not doing at this stage as far as I know. All of this is separate from South African citizenship i.e. you can be a citizen of South Africa but not a resident and therefore exempt from paying tax to SA if you are already paying it to Canada, according to the treaty. Personally I don't think it makes sense to give up your citizenship because of this law as you probably won't be affected by it either way. I would consider giving it up only if they decide to change the treaty in the future so that you have to pay tax in SA and Canada.
    • PhilipCX
      I don’t think 99% of people who’ve emigrated need to worry about this. From what I understand it would only apply when you are an SA tax resident as @pretor mentioned, meaning you would need to be in SA for more than 180 days or something. I think SARS is annoyed because they have no clue how many people actually emigrated and the ones who did probably don’t do their annual returns, they just ignore it and it shows as outstanding on SARS side. 
    • pretor
      Is the key to this not this sentence from the article: "It states that South African tax residents abroad will be required to pay tax to South Africa of up to 45% of their foreign employment income, where it exceeds the R1 million threshold."? If you do not meet the definition of a South African Tax Resident, would this still apply to you?  I believe not.  See here for SARS definition of a "Tax Resident". THIS explains it further.
    • Reibtseb
      I paid R2200 back in June 2017.
    • Reibtseb
      If you only have 1 kidney like me, they also do a Creatinine test.