7 Responses to “The Mechanics of the Overseas Employment Tax Credit”

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1. Philip Coombs on Nov 25th, 2007 at %0:%Nov %p

   Wayne, as the sole owner of a corporation, I perform all my oilfield work overseas as an employee. Would I qualify for the OETC providing all the requirements you mentioned above were met?

2. Imran Rajput on Feb 9th, 2008 at %0:%Feb %p

   Wayne,

   I am a Canadian Citizen and currently negotiating an employment opportunity with an Engineering Firm in Saudi Arab. My family would be staying here and I will work in Saudi Arab. Will be coming back to canada every 3 months. Bottom line is that I will be maintaining my Residency status in canada and I will work oversease. It is an Australian based company with offices worldwide including Canada but i will be hired by their Saudi Arab Office.

   Question for you: Would I qualify for OETC?

   Thanks

3. Wayne Bewick on Feb 12th, 2008 at %0:%Feb %p

   Imran,

   Thanks for your question.

   In order to qualify you would have to be working for a specified employer which generally speaking is either a corporation resident in Canada, or a foreign affiliate of a corporation resident in Canada. Based on the information provided above it does not appear that the Saudi company would qualify as a specified employer and thus it appears that you would not qualify for the OETC.

   I hope this helps,

   Wayne

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