Canada and Hong Kong end expats' double tax whammy

Hong Kong and Canada have signed a treaty to avoid double taxation and increase trade between the two economies.

Currently, income earned by Canadians in Hong Kong who are still deemed residents of Canada is taxable both here and at home.

Under the deal, the tax they pay here can be offset against tax payable in Canada. The same applies for certain Hongkongers working in Canada.

via Business feed http://www.scmp.com/business/economy/article/1080272/canada-and-hong-kong-end-expats-double-tax-whammy