------------------------------------------------------david ingram replies:
For the two months or six months, there is no way to avoid income taxas described. Paying your corporation would likely help in the shortterm or in income splitting. However, if you are truly incorporatedand have A NON-DEDUCTIBLE MORTGAGE ON YOUR HOUSE, you should not beincorporated until you have used the techniques in my November 2001newsletter.
IF, and I say IF you were going to be there for six months or more, youcould arrange for a Canadian company (not yours) with more than 5 fulltime employees to hire you and send you to Dubai as their employee.
In that case, by filing form T626, you could earn up to 80% of $100,000over a year. to qualify, you have to be employed out of the countryfor for at least six months. 5 months and 21 days does NOT QUALIFY.
This older question will help
Hello David,
I found your contact information byGoogling for help on preparing Canadian 626 OETC forms. xxxxxx xxxxxhas field service personnel that spend weeks, months, and sometimesyearsout of the country while supervising the installation of mechanicalequipmentsold by xxxxxxxx to a client. We have been preparing 626's foremployeefor several years, but administrative staff has changed and we havelostthe experience in this.
Question is:
One employee was in Australia for theentire year of 2006 and for about 4 months of 2007. He received theOETC for 2006 taxation year. Obviously he only effectively needed6 months of 2006 to qualify for the 626 for that year, so can theremainingmonths of 2006 be used to establish a claim for 2007 (in which he wasawayonly 4 months).
I don't expect to access your time andexpertise for free, so please let me know how compensation can bearranged.
Thank you in advance,
