If I live in Canada but work remotely for an American company so I can get the larger salary... will the taxes be a problem? Will it wipe out the extra money I earn from working for a US company?

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Typically you’d still pay Canadian taxes since you are living in Canada. Generally works out very well since US salaries are significantly higher to absorb higher taxes and leave you out on top

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No you’ll get a free pass
In fact the gov’t will pay you extra just to make you happy

What do you think is gonna happen? Duh

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The key is the withholding of tax and payment to CRA. If the US company is not doing it you need to pay the taxes. Also if you are paid in USD you need to keep track of the FX as the taxes are calculated on the CAD equivalent.

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It completely depends on whether that company is set up in Canada as well. I work for a US company who has a Canadian presence through their holding company so I am paid through Canadian payroll and taxed as a Canadian

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I was told to put more $ into RRSP this year because I put all my savings in TFSA

Was in same situation. Did a 4 month contract for $130k CAD (was paid in USD). Had to pay $30-40k tax during tax return to CRA

Taxes here are based on residency - I’d say move your province with low tax and plan for retirement

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