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Very good text.
I was confused by that part:
"This doesn't necessarily mean that the same tax has to be paid twice, once in each country. Income tax due abroad can be offset against tax due in Brazil in some circumstances, up to the limit of the amount of Brazilian tax. This will depend on the existence of an agreement between the two jurisdictions or recognition of reciprocity of treatment (i.e. that even without an agreement, one country would allow the tax paid in the other country to be offset). For example, the tax paid abroad on the capital gain on the sale of a house could be credited against the tax due in Brazil for that sale within the same calendar year."
My case:
I currently live in Canada, but I have real estate and investments in Brazil, which means I have income in both countries.
I still don't have the document for permanent residence in Canada. My understanding is that I'm going to make the declaration in BR and here in Canada too, it's what I put in each that's confusing. I intend to make the declaration of permanent departure...
Vinicius Tersi is a lawyer, specializing in International Tax Law.