Canadian moving to Singapore ---> How do I avoid paying taxes in Canada???

Hey guys,

For those Canadians out there.... I was wondering if anyone can tell me if I should apply for non-resident status in Canada?

I am moving to Singapore for a fulltime job with GS, and am wondering if anyone can tell me how I can go about not paying for the Canadian income taxes... as they are quite hefty!

Thanks very much for your help in advance!!


WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (3)

May 4, 2010 - 8:20pm

I am also a Canadian moving to Singapore and I am very excited to start paying really low income taxes!

As I am currently not a resident of Canada, I am not too worried about paying Canadian income taxes. I think you should also be fine if you take up permanent residency in Singapore. If you earn and keep all of your funds in Singapore, i don't think you should have any problem with the Canadian govt.

I'm not sure why you would want to maintain residency status in Canada... Are there some benefits that I do not know of? There is the benefit of health insurance... but since you will continuously be in SG, you couldn't benefit much from it...

Go East, Young Man
Apr 15, 2010 - 3:40pm

I think you need to claim non-residence which has some big requirements. Check it out.

I'm purely guessing btw, I just know someone who is Canadian haha.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
Start Discussion

Total Avg Compensation

April 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (32) $350
  • Associates (180) $232
  • 2nd Year Analyst (102) $151
  • 3rd+ Year Analyst (25) $146
  • Intern/Summer Associate (95) $145
  • 1st Year Analyst (387) $131
  • Intern/Summer Analyst (315) $82