Expat Tip 9: Track Your Days In & Out – Why It Matters for Tax Residency
One of the biggest mistakes expats make is thinking citizenship and tax residency are the same thing. They’re not. Example: An Australian citizen living in Singapore may no longer be a tax resident of Australia if they meet the non-residency tests. Example: A Canadian citizen living in Dubai may still be considered a Canadian […]
Expat Tip 8: Expat Retirement Accounts: Avoid Costly Tax Traps
When moving abroad, expats usually focus on income taxes and property — but retirement savings are often the silent tax killer. Different countries treat pensions, superannuation, 401(k)s, and RRSPs in wildly different ways, and ignoring them can leave you double taxed or unable to access your money when you need it. What […]
Expat Tip 4: Declare Your Overseas Rental Property | Felix the TaxFox
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 you don’t pay twice. 🔗 […]
Expat Tip 7: Pensions & Retirement Accounts – What Every Expat Should Know
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 off guard? Check out my Australia Expat Tax Guide […]
Expat Tip 6: Foreign Bank Accounts – What Expats Must Report
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 overseas account pays little (or no) interest, many tax offices require you to declare […]
💡 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 / […]
Expat Tip 3: Top Tax Mistakes Expats Make (And How to Avoid Them)
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 reality, residency rules depend on days spent, […]
Expat Tax Tip 2 – Expat Tax Residency Explained | What Expats Need to Know
What Is Tax Residency? Tax residency is a legal status based on your ties and presence in a country—not your passport or visa type. Common Tests Countries Use Days in-country (e.g., 183‑day rules) – presence for part of the year can trigger residency. Home & ties – where you keep a permanent […]
Expat Tax# 1 What Expats Should Know About Taxes?
Understanding how taxes work is one of the most important steps you can take to avoid nasty surprises. Watch the video version here:https://youtu.be/N9-Rkuflw4M Felix’s Quick Tips -Keep all income records from both countries. -Check for tax treaties before you move. -Plan ahead for filing deadlines in both countries. Common traps – double […]
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