immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Income Tax: Saudi Arabia

Saudi Arabia: They don't have income tax in Saudi Arabia or in Qatar, the United Arab Emirates, Kuwait, Bahrain or Brunei Darussalam. No need, since the streets are paved with petrodollars. , according to CBC. "When they come to Canada and are taxed on their worldwide income that's something completely different for them," he said. If they happen to be from Saudi Arabia, there is a good chance new arrivals to Canada will be surprised by a the nightmarish winters, b that any non-starving biped would willingly eat poutine and, perhaps most of all, c income tax. So, the concept comes as "more than a bit of shock" to any well-heeled ex-patriates, says Abraham Iqbal, who lectures on management and accounting at the Mississauga campus of the University of Toronto. (www.immigrantscanada.com). As reported in the news.