Canadian tax or not with PR card -

QUESTION:

I just recently became a canadian resident but I am presently living and working in the USA.

Do I need to file tax in Canada (considering the fact that I do not earn any income there and that I will file tax in the USA)?

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I think what you mean to say is that you just became the holder of a Canadian PR (permanent residence) card but have not yet moved to Canada.  If you are single or married with your family in the US, there is no necessity to file a Canadian return although you might want to do so by reporting all the US income on line 104 and other relevent lines and then dedcuting it all on line 256 under Article IV of the US / Canada income tax treaty.

On the other hand, if you have a spouse and children and they are living in Canda and you are visiting them every weekend, you need to file a Canadian tax return and may or may not be taxable in Canada depending upon what else is going on in your life.  For instance, if you are also trying for a US green card and reaklly intend to live int eh US, even with the sopouse and children in Canada and a PR card, under US law you are a taxable resident of the US and although you would report the income to Caanda, you would then deduct it all on Line 256 of the Canadian return and pay no tax to Canada.

Under the PR card rules, to keep it alive, you must be able to prove that you have beenphysically present for 24 out of any 60 month period OR be living outside of Canadian citizen OR be working outside of Canada for a Canadian company.  For the record, you can NOT own or be a controlling shareholder of that Canadian company.

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This is not intended to be definitive but in general I am quoting $900 to $2,900 for a dual country tax return.
$900 would be one T4 slip one W2 slip one or two interest slips and you lived in one country only (but were filing both countries) - no self employment or rentals or capital gains - you did not move into or out of the country in this year.
 
$1,100 would be the same with one rental
 
$1,300 would be the same with one business no rental
 
$1,300 would be the minimum with a move in or out of the country. These are complicated because of the back and forth foreign tax credits. - The IRS says a foreign tax credit takes 1 hour and 53 minutes.
 
$1,600 would be the minimum with a rental or two in the country you do not live in or a rental and a business and foreign tax credits  no move in or out

$1,700 would be for two people with income from two countries

$2,900 would be all of the above and you moved in and out of the country.
 
This is just a guideline for US / Canadian returns
 
We will still prepare Canadian only (lives in Canada, no US connection period) with two or three slips and no capital gains, etc. for $175.00 up.
 
With a Rental for $375
 
A Business for $375 - Rental and business likely $500
And an American only (lives in the US with no Canadian income or filing period) with about the same things in the same range with a little bit more if there is a state return.
 
Moving in or out of the country or part year earnings in the US will ALWAYS be $800 and up.
 
TDF 90-22.1 forms are $50 for the first and $25.00 each after that when part of a tax return.
 
8891 forms are generally $50.00 to $100.00 each.
 
18 RRSPs would be $900.00 - (maybe amalgamate a couple)
 
Capital gains *sales)  are likely $50.00 for the first and $20.00 each after that.

Catch - up returns for the US where we use the Canadian return as a guide will be $150 to $500.00 depending upon numbers of bank accounts, RRSP's, existence of rental houses, etc.

Just a guideline not etched in stone.
 
 
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