Please contact the International office before you begin to guide you on how to proceed. Here https://bit.ly/2Hu0CfQ
When claiming any foreign income on a Canadian Tax Return, there are few things to take into consideration. We want to know about your World Income. It boils down to whether you get a full year or is it prorated from your date of entry. You will not be taxed twice on your income from HK, under the tax treaty Canada has with HK as it is taxed at source, this is where the FTC comes into play.
Under the Income Section, you will find Tslips then drop down to Foreign slip.
You will also have to fill out the T1135 which is located under the same tab– Other Income Sources – Foreign Income Verification Statement.
Apply for the FTC -in your "Find" icon at the top of the page, type in "Foreign Tax Credit" which will open the form needed to apply for this credit.
You can claim a foreign tax credit for the taxes that you paid in HK. The foreign tax credit is the lesser of two amounts:
- The income tax you paid in the foreign country
- The Canadian tax payable on the foreign source of income.
Tax Treaty – Canada with Hong Kong - https://bit.ly/2VrraRR
