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I am a Canadian citizen. I am toying with the idea of living and working in Scandinavia as a contractor for about a year. What are the tax implications? Will I be taxed once in Denmark and then again in Canada?

Also, legally, is it too complicated (expensive) to set up a corporation and is it better to just be an employee?

Dheer
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Victor123
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1 Answers1

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Yes, because you intend to come back to Canada you will need to report your revenue to Canada also. You should double check by calling the revenue agency, but you should be able to deduce from your Canadian taxes what you already paid in taxes in Denmark. I know this is the case with the US because e have tax treaties with them. So again check with revenue agency to make sure it is the case with Denmark too.

The conditions not to pay taxes in Canada is to have the intention of permanently leaving the country. You also need to get rid of any significant link with Canada, you should not have an address there, no bank account, no furniture...

taxpayer2022
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