New to Canada
Your first Canadian return starts with residency dates, income records and the rules for benefits and savings accounts.
New to Canada
9 articles · 1 / 2
New to Canada 2 min
The flight date and the tax-residency date need a conversation
Review residential ties and the actual move before choosing the date Canadian tax residency began.
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Build the first Canadian tax folder before the slips arrive
Collect residency dates, worldwide income details, family information and arrival-date asset values for a useful first-return file.
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New to Canada 2 min
Samira cannot use every TFSA year since she turned 18
Start with years of Canadian tax residency and age eligibility, then subtract actual contributions across all TFSAs.
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The foreign pension arrives net. The return usually starts gross.
Identify the pension, convert the gross income and review treaty relief or foreign tax credits separately.
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The $100,000 foreign-property test is not an income exemption
Check the combined cost of specified foreign property and keep income reporting separate from the T1135 filing test.
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Before leaving Canada, save the records you cannot recreate easily
Prepare a departure file covering residential ties, dated asset values, income periods and Canadian account notifications.
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