Firstly James and Catherine … WOW! on this site redesign. Thank you for all the hard work you guys put into this community.
Looks like we’re coming back guys. Our family is planning to spend a year in France and we might just end up staying for good this time. If so, I have one big issue I would please love (looooove) some guidance on re taxes and social charges on foreign income.
- If we stay in France(1) then I’ll be looking to declare income and pay our fair share of tax and social charges for our family
- My income would be derived from our Canadian company (we have a very small incorporated Canadian company)
- Once we become resident in France, how do I best(2) declare and pay my taxes + social charges (and access Carte Vitale) since my income is derived from foreign income?
- I would strongly prefer not to register any kind of French business such as Autoentreprenuer etc. as we already pay in time and money and taxes, bookkeeping and accountants charges in Canada and don’t want to get hit in France for that as well.
- I have dual Canadian and French citizenship so I don’t have to deal with visas or foreign work permits or length of stay issues.
- Best = Paying fair share without overpaying - and of equal importance - paying fair share with the least amount of administrative overhead / paper shuffling etc.
The scenario I recently put to Grahame was this: Imagine I am a French kid, born and raised in France and fresh out of school and I get my first job. It’s an IT job employed remotely by a Canadian company who pays me 20,000 euro per year. How would I declare my (foreign) income and pay my tax and social charges in this case? I ask from this angle as perhaps the solution to my fictitious French kid might illuminate possible courses of action for me.
Any guidance, thoughts, opinions, links and especially real life connections (to folks who have been through this process already) would be much (much!) appreciated.