Hi,
I'm originally Irish and have living in Canada for the past 2 years. I'm a self-employed I.T. contractor here and my sole client is a company based in Ireland that I provide consultancy services to. Unfortunately I'm between work permits here in Canada at present and I have had to change my status to visitor.
I've posed on some forums here but I haven't been getting any responses. I'm trying to determine if it's possible for me to continue to provide services to my client while under visitor status in Canada. I was thinking that I would register as as sole trader in Ireland and declare my income there for the next 6 months while I'm a visitor here waiting for my next work permit. However a more simple approach would be to continue to declare my income here but as foreign income. However I'm not sure can I be a visitor in a Canada, provide services to a client in Ireland and then declare my income here (I will still considered a tax resident here). What exactly is the definition of foreign income anyway?
Appreciative of any steer in the right direction anyone could provide before I consult a tax advsior.
I'm originally Irish and have living in Canada for the past 2 years. I'm a self-employed I.T. contractor here and my sole client is a company based in Ireland that I provide consultancy services to. Unfortunately I'm between work permits here in Canada at present and I have had to change my status to visitor.
I've posed on some forums here but I haven't been getting any responses. I'm trying to determine if it's possible for me to continue to provide services to my client while under visitor status in Canada. I was thinking that I would register as as sole trader in Ireland and declare my income there for the next 6 months while I'm a visitor here waiting for my next work permit. However a more simple approach would be to continue to declare my income here but as foreign income. However I'm not sure can I be a visitor in a Canada, provide services to a client in Ireland and then declare my income here (I will still considered a tax resident here). What exactly is the definition of foreign income anyway?
Appreciative of any steer in the right direction anyone could provide before I consult a tax advsior.