[bstlaurent]

I've got an opportunity to wrap up a contract I'm currently on here in Canada from anywhere in the world. I'd been planning on quiting my job as soon as my ITA was resolved, however with the leave of absence followed by remote work i'll be able to arrive with a job (of sorts)

I remember reading something about people working for companies in their home countries while in NZ and I was wondering if they still payed taxes in their home country or if they paid in NZ or both?

Anyone with experience in this area?

[IanW99]

I've got an opportunity to wrap up a contract I'm currently on here in Canada from anywhere in the world. I'd been planning on quiting my job as soon as my ITA was resolved, however with the leave of absence followed by remote work i'll be able to arrive with a job (of sorts)

I remember reading something about people working for companies in their home countries while in NZ and I was wondering if they still payed taxes in their home country or if they paid in NZ or both?

Anyone with experience in this area?

If you were to live in NZ and become tax resident there, then IRD will tax you on your world-wide income.

You home country will also likely want to tax you on any income generated in their country (I don't know if this applies to Canada but suspect that it does), which could mean that you end up being taxed twice on the same income.

If you check out Double Tax agreements (http://www.ird.govt.nz/income-tax-individual/different-income-taxed/income-outside-nz/double-tax/) you will see that Canada have a double tax agreement with NZ so you will not have to pay tax on your income twice.

So, if you pay Tax in Canada then they will deduct this amount from what you need to pay in NZ. If NZ taxes are higher than in Canada then you would have to pay the difference to NZ (if it is less then you get nothing back).

Ian

[Nick88]

Surely if you became a self employed consultant you would then invoice the Canadian company for your services. You would not be considered liable for taxes there, and would only have to deal with the NZ IRD. I would not expect there to be much paperwork involved in setting all of this up, but you would have to ask an accountant over here about any other implications.

[bstlaurent]

nick88: that's the eventual plan, but not an option right now.

Ian: Thanks a million, that's precisely what i was looking for. That makes my life a *LOT* easier, though it means i'll have to file twice for two years (was already going to have to do it this year) I'd give you a cookie if i could.

[andrewp]

This is all great info. Thanks guys. It looks like I also may be able to structure a deal like this, so I'm very interested in the options.