Quote:
Originally Posted by CorsiHockeyLeague
Changing your residency status doesn't mean you suddenly don't pay taxes. Canadian residents pay tax on their worldwide income. Non-residents pay tax on their Canadian source income. Dual residents - which Mr. Edwards might be, in CRA's eyes - are still Canadian residents, at which point one has to consult the Canada - UK tax treaty to determine who gets what amount of tax.
So your statement that "Canada would have gotten $40M but now gets nothing" is completely wrong; the "ballpark estimates" don't even come into it.
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Thats Federal Non-Residency, as far as his personal income tax is concerned as a non-resident Alberta does literally get $0.
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