- April 8, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Overview
Greetings to all my Australian friends!
## Background
I was born in Australia but have been residing in Canada since 2013. I am now faced with the question of whether I need to file taxes in both countries.
## Concerns
I am considering putting my money in a Guaranteed Investment Certificate (GIC) and I am unsure of the tax implications of doing so. Additionally, I am curious about whether the interest earned on my high-interest account at Suncorp, which offers approximately 5% interest, is taxable.
## How AI Legalese Decoder Can Help
AI Legalese Decoder is a helpful tool that can assist in deciphering complex legal language and understanding the tax implications of various financial decisions. By using this tool, I can gain valuable insights into the tax regulations in both Australia and Canada, ensuring that I comply with all necessary requirements and minimizing any potential legal issues. Thank you in advance for your assistance, dear friends.
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****** just grabbed a
See a tax specialist for this one, hugely dependant on alot of variables and you’ll only get wrong answers here
If you’re not a tax resident in Australia, why would you park money in Australia?