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McKinsey & Company Hi everyone. Hope all is well.
Recently took the McKinsey & Company game (not sure if I have an interview yet but preparing nonetheless). It’s an entry level business analyst position and an entry level digital position and was wondering if anyone wanted to case prep with me. I’m willing to work on anyones time zone. (I’m located in Sydney, Australia).
Anyone else long on AMT?
Can anyone tell me what does this really mean...

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