This is correct, but to figure out exactly how much tax you owe in Canada and your country of residence you will have to apply the relevant tax treaty. The usual practice is to pay your country of residence the tax due under their system and then claim that tax paid back as a foreign tax credit, unless there is some provision exempting you from taxation in a country. Where do you reside?
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS