Tax on investments

Member since 18 March 2018

robear440Member21 May 2018 21:15:01

I'm seeing different info on taxation on canadian investments. We are planning on retiring to Dominican an I've seen where Canadian rrsp investments are exempt from dominican taxes, but then I read somewhere that this only applies to the first 3 years. Any one else living off their rrsp investments? Do you have to pay Dominican taxws on this income? Thanks in advance

DominicanadaMike ViP

Member since 21 July 2015

DominicanadaMikeViP21 May 2018 21:35:39

1049

You can read over the Canadian Tax Treaty with the Dominican Republic.聽 I believe you will pay Canadian taxes and are then exempt from Dominican taxes.聽 Since it's a Canadian investment, Canada will be first in line.聽 That's my understanding but you should check with CRA and you can google the Tax treaty.

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert21 May 2018 23:06:13

17379

I believe you are correct Mike

Tripp789 Contributor

Member since 28 April 2018

Tripp789Contributor21 May 2018 23:16:13

173

Any similar info for the US?

robear440 Member

Member since 18 March 2018

robear440Member22 May 2018 01:32:49

Thanks. I read that on the cra聽 site, but saw on a Dominican post somewhere that it only was for first 3 years. Gonna have to dig deeper. Hoping to make the move before the end of the year.