tip 10-Don’t Forget About Exit Taxes

Expat Tax Tip #10 – Don’t Forget About Exit Taxes Some countries impose an “exit tax” when you leave and give up tax residency. This is essentially a capital gains tax on your unrealised gains at the time of departure. 📗 Learn the strategies to manage these in my Canada Expat Tax Guide and Australia […]

Tip #9 Tax Residency ≠ Citizenship

Expat Tax Tip #9 Tax Residency ≠ Citizenship One of the biggest mistakes expats make is thinking citizenship and tax residency are the same thing. They’re not. 📘 Learn the full rules in my Australia Expat Tax Basics Course and Canada Expat Tax Basics Course. 🔗 External reference: ATO residency tests | CRA residency status […]

tip 8 Don’t Forget Bank Accounts Abroad

Expat Tax Tip #8 – Don’t Forget Bank Accounts Abroad Even if you’ve moved overseas, your foreign bank accounts might still be reportable to your home country.   Australians: The ATO may ask about your offshore accounts if you’re still tax resident, or if money is flowing back to Australia. Canadians: If your foreign assets […]

Tip 4 – Rental Property Abroad: Don’t Forget to Declare!

Rental Property Abroad: Don’t Forget to Declare! Many expats keep their home country property and rent it out while living overseas. That income is still taxable — often in both countries. For example: Failing to report rental income can trigger penalties, even if you pay tax overseas. Luckily, tax treaties usually give you credits so […]

Tip 7 – Don’t Overlook Tax on Pensions & Retirement Accounts

Expat Tax Tip #7 Don’t Overlook Tax on Pensions & Retirement Accounts Many expats are surprised to learn that pensions, superannuation, and retirement accounts can be taxable in both your host country and your home country. This often depends on how double tax treaties allocate taxing rights. For example: 📘 Want to avoid getting caught […]

💸 Foreign Bank Expat Tax Tip #6 -Accounts & Expats: What You Need to Know

Expat Tax Tip #6 – Foreign Bank Accounts & Expats: What You Need to Know If you’re living abroad, chances are you’ve opened a local bank account. Seems simple enough, right? But for expats, foreign accounts come with reporting traps that can lead to hefty fines 1. It’s Not Just About Interest Even if your […]

💡 More Expat Tax Tips

✨ Keep your bank accounts simple — multiple overseas accounts can trigger extra reporting requirements. ✨ Track your days in/out of Australia or Canada carefully — residency rules hinge on these counts. ✨ Watch out for double tax traps — always check if a tax treaty helps reduce your burden. ✨ Don’t forget superannuation / […]

From Dubai to Sydney: How Felix

From Dubai to Sydney: How Felix   Helped Mark Avoid a $15,000 Double Tax Bill When Mark, an Australian engineer working in Dubai, decided to return home to Sydney, he was shocked to learn he might owe tax on his Dubai salary.   The Challenge

how-an-aussie-expat-in-canada-saved-12000-in-taxes

When Sarah, an Australian expat living in Toronto, reached out to Felix the TaxFox, she was stressed about filing in both countries and worried about double taxation.   The Challenge

top 10 mistakes

Common Expat Tax Mistakes You Should Avoid   From double taxation to missed deadlines, expats often face tax headaches that could be avoided with a bit of planning. Mistake 1 – Ignoring Tax Residency Rules Many expats assume that simply living abroad means they are no longer a tax resident of their home country. In […]