Digital Nomad Financial Reality: Footloose and Office-Free?

Originally Posted on Montecristo Magazine
Featuring Julia Chung
March 6, 2023

The internet is full of stories of digital nomads, in far-flung places like Thailand, who have been working abroad for several years with no Canadian sources of income and few remaining Canadian ties. And yet the Canada Revenue Agency pursues them for years of back taxes, late fees, and interest payments, totalling in the tens of thousands of dollars, if not more.

A digital nomad might no longer consider Canada home, but the CRA often sees things differently.

“Digital nomads need to understand what their tax obligations are in Canada, even if you’re paying taxes in another country.”

 

– Julia Chung

You can find the full published article in the March edition of Montecristo Magazine.

For other posts that feature Spring in the news, click here.