We are filing our first tax return for the year 2018. Based on our understanding, we do not have to report our foreign income before arriving in Canada. Is this correct?

[newresident_jb]

We used this guide as basis for our question, https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving....

[TurboTaxLise]

Excellent link you have provided and correct, but there are many variables to this.

Reporting foreign income on your Canadian tax return can get tricky, so for tax purposes, your residency status is the first thing the CRA wants to know.

Non-residents and deemed non-residents - report your income from Canadian sources such as the taxable part of your scholarships, fellowships, bursaries, net research grants, income from a business without a permanent establishment in Canada, and taxable capital gains from disposing of taxable Canadian property.

Deemed residents - report your world gross income. World income is income from all sources both inside and outside Canada.

• How to determine residency status - https://turbotax.community.intuit.ca/replies/2647682

Because of the many variables, please review the links provided below for a greater understanding of your first tax return in Canada and your tab obligations.

• CRA on residency status and tax obligations https://bit.ly/2HUDcM8

• An additional link from Allan Madan CPA,CA and international tax expert in Missisauga,ON with further clarity https://bit.ly/2U7f4Mn