AllExperts > Mexico 
Search      
Mexico
Volunteer
Answers to thousands of questions
 Home · More Mexico Questions · Answer Library  · Encyclopedia ·
More Mexico Answers
Question Library

Ask a question about Mexico
Volunteer
Experts of the Month
Expert Login

Awards

About Us
Tell friends
Link to Us
Disclaimer

 
 
 
 
About Ron Russell
Expertise
I lived full time in the Chapala-Ajijic area for 7 years, and now Manzanillo area 4 years. During that time I provided information (health care, working papers, immigration, driving, cost of living, insurance, culture, divorce in Mexico, trusts vs direct deed,etc) to help people make the decision about whether the area was right for them, either full or part-time. Now living north of Manzanillo on the Pacific Coast. I live legally in Mexico.

Experience
Founding partner of a facilitation company for people thinking about relocating to the Lake Chapala area of Mexico. I am no longer involved in this company's activities. Have driven extensively in the area, to the coast (Manzanillo, Puerto Vallarta, Colima),to Patzcuaro, etc. Bused to Mexico City, flew to Chiapas. Also driven in Honduras, from Ontario Canada through border crossings at Laredo and Reynosa Texas to Lakeside. Can provide instructions and border crossing info. Publications: DISCOVER MEXICO, HEAD FOR MEXICO-THE RENEGADE GUIDE BY DON ADAMS. Video and MM production specialist. I do NOT sell real estate!
 
   

You are here:  Experts > Cultures > Mexico/Central America for Visitors > Mexico > Canadians Living in Mexico as non-residents (tax advantages)

Mexico - Canadians Living in Mexico as non-residents (tax advantages)


Expert: Ron Russell - 2/13/2004

Question
I am interested in the possible tax advantages for Canadians living in Mexico full time as nonresident Canadians. Please suggest reading material and contacts.  

Answer
Hola Bob: I can not recommend directly any advisors on non-residency. Your accountant might know someone in the business. But you really need to do a lot of the research yourself. We did it all ourselves. I have yet to meet an advisor that really understands all the rules. For instance we were told that if Canadian income is low, there may be no savings because of the 15% withholding tax. But by filing under Section 217 of the Act you might pay only 8- 10% Canadian Tax.

Reading Material: Canadians Resident Abroad-Gary Duncan and Elizabeth Peck(a very good intro book), search CCRA's site www.ccra-adrc.gc.ca/menu-e.html on RESIDENCY and read their info and forms. Do the same search on the CARP site www.fifty-plus.net/ Take a look at one of the many company's such as www.canadiansinmexico.com, www.expat.ca

I suggest getting a full understanding through your own research before contacting an advisor.

Hope that helps,
   Ron


Ask a Question


 
User Agreement | Privacy Policy | Kids' Privacy Policy | Help
Copyright  © 2008 About, Inc. AllExperts, AllExperts.com, and About.com are registered trademarks of About, Inc. All rights reserved.