I'm seeing different info on taxation on canadian investments. We are planning on retiring to Dominican an I've seen where Canadian rrsp investments are exempt from dominican taxes, but then I read somewhere that this only applies to the first 3 years. Any one else living off their rrsp investments? Do you have to pay Dominican taxws on this income? Thanks in advance
Tax on investments
robear440
21 May 2018 23:15:01
17
DominicanadaMike
21 May 2018 23:35:39
1048
You can read over the Canadian Tax Treaty with the Dominican Republic. I believe you will pay Canadian taxes and are then exempt from Dominican taxes. Since it's a Canadian investment, Canada will be first in line. That's my understanding but you should check with CRA and you can google the Tax treaty.
planner
22 May 2018 01:06:13
16621
I believe you are correct Mike
Tripp789
22 May 2018 01:16:13
167
Any similar info for the US?
robear440
22 May 2018 03:32:49
17
Thanks. I read that on the cra site, but saw on a Dominican post somewhere that it only was for first 3 years. Gonna have to dig deeper. Hoping to make the move before the end of the year.
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