-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
-
Popular Contributors
-
1
-
2
-
3
-
4
-
5
-
-
-
Latest posts...
-
9
Trump Directs Military to Target Foreign Drug Cartels
A lot of complications. High ranking Mexican officials have accepted bribes from cartels to thwart US efforts in the past. So they leak information about US planned operations. -
9
Trump Directs Military to Target Foreign Drug Cartels
CIA has been flying drones over Mexico for reconaissance to track down the cartel fentanyl labs. -
136
Alert! Bangkok Bank new rule money seasoning
Indirectly the reason, yes. These scams are the reason the new law was passed, and that law is the direct reason many things are changing from availability to even obtain a bank account, to new bank policies regarding showing funds. https://www.biocatch.com/blog/thailand-royal-decree-financial-fraud "In April 2025, Thailand made a bold regulatory move by passing the Royal Decree on Measures for the Prevention and Suppression of Technology Crimes (No. 2) B.E. 2568 (2025). Supported by the Bank of Thailand (BOT), this legislation holds financial institutions accountable for failing to prevent fraud—even in cases where the victim seemingly authorized the transaction under false pretenses." -
148
What happened to Rock n Roll
Poor excuse. Keith Richard has been dead for 15 years and no one has noticed anything different about him. -
36
What is the tax treaty between Canada and Thailand?
I spent a lot of time looking at the Canada-Thailand DTA and also at Canada tax law to understand my Canadian tax obligations. In this post I am trying to summarize some of what I learned and believe in regards to some of the Canadian tax obligations to Canadians who are tax residents of Thailand - and MOST IMPORTANTLY (in the capital gains case) who have not been a Canadian tax resident for over 6 years. I am looking at this from a Thailand LTR-WP Visa holder (Thailand tax resident) perspective where foreign (non-Thailand) income is not taxable in Thailand for such Thailand visa holders. I have also written this from the perspective of a Canadian who is not filing a Canadian tax a return under section 217 of the Canadian tax return but who is still filing a Canadian tax return as a non-resident to Canada (due to having significant Canadian income). In terms of different Canadian Income sources and Canadian tax obligations for a non-Canadian resident ( > 6 years) who is resident in Thailand (and not filing a Canadian tax a return under section 217 of the Canadian tax return) I note the following: . Canadian Pensions (CPP, OAS, RRSP/RRIF income, other Canadian pensions). If a 25% withholding tax is applied in Canada, before the income is provided to one's bank account, I suspect that might be the maxiumum those pensions can be taxed by Canada (note OAS is a bit of an exception as OAS can be 'clawed' back). References for this on pensions are Article 18(1) of the Canada–Thailand Double Tax Agreement (DTA) (1989) which grants Canada the exclusive right to tax pensions, and Subsection 212(1)(q) of the Canadian Income Tax Act which imposes non-resident withholding tax on these payments at a rate of 25% - where I believe that this represents the final Canadian tax obligation on these payments (if one is not filing a Canadian tax return under Canada tax section-217). Accordingly thou to ensure one is not taxed at an inappropriately high rate, the Canadian tax form needs to be VERY carefully filled in to reflect this. . Canadian Interest (from Banks). Canadian bank interest income is not subject to Canadian tax under Part XIII of the Canadian Income Tax Act (which governs withholding tax for non-residents), provided the recipient is a non-resident of Canada and provided the interest is paid from an arm’s-length Canadian payer. Under ITA subsection 212(1)(b) and Regulation 805(1)(c), most interest income paid to non-residents of Canada is exempt from Canadian withholding tax unless it is from a business carried on in Canada or is a “participating debt obligation.” Again, to ensure one is not taxed at an inappropriately high rate, the Canadian tax form needs to be VERY carefully filled in to reflect this. . Dividend Income from Stocks and ETFs ... My understanding is article 21(1) of the Canada–Thailand Double Tax Agreement (DTA) limits Canadian withholding tax on dividends to 15%. Subsection 212(1)(b) of the Income Tax Act governs the imposition of non-resident withholding tax on such dividends. Since the withholding tax has been applied at the Thailand-Canada DTA treaty rate, I believe that should constitute the final Canadian tax obligation on these payments. Again, to ensure one is not taxed at an inappropriately high rate, the Canadian tax form needs to be VERY carefully filled in to reflect this. . Capital Gains (on stocks/ETFs). My understanding is Article 13(5) of the Canada–Thailand Double Tax Agreement (DTA) grants Thailand exclusive taxing rights over capital gains — except for those related to immovable property or specific corporate interests. In general this applies to most (not all) Canadian securities (publicly traded stocks and ETFs) and they fall under this not taxable in Canada category. I believe this is consistent with Section 2(3) of the Canadian Income Tax Act and in accordance with the Canada-Thailand DTA. Again, to ensure one is not taxed at an inappropriately high rate, the Canadian tax form needs to be VERY carefully filled in to reflect this. I am NOT a tax advisor. I may not (yet) have this 100% correct. So take the above with lots of salt. I hope to apply the above when in April-2026 I file my year 2025 Canadian tax return. Assuming I do, then I will learn then Revenue Canada's interpretation. I do plan to list ALL the income in my Canadian tax return, but then if already taxed via a withholding tax I will look for an appropriate place on the Canadian tax form to deduct it (likely line 25600 - but ONLY with an accompanying letter providing the justification, where in that letter points to specific clauses in the Canada-Thailand DTA and also to clauses in the Canada Income Tax Act). -
10
Re Entry Permit Phuket
The issue is if you want a multiple re-entry permit. The HKT airport only offers single re-entry.
-
-
Popular in The Pub
-
Recommended Posts