AboutRon 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!
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.
