Foreign Income earned before moving to Canada

[annecoo]

Hi,

I moved here part way through the year and the query relates to:

Income from Foreign sources, plus Canadian sourced Part XIII income, for the part of the year when you were not a resident of Canada

Do i have to enter a value for income earned before moving to Canada. If I do - do i put the value minus tax I already paid on it in the country I earned it in before moving to Canada.

[TurboTaxLise]

Foreign income earned prior to arriving in Canada. We want to know about your world gross income. It boils down to whether you get a full year or is it prorated from your date of entry. And if you need to apply for a Foreign Tax Credit. Let me explain.

There are 3 things to keep in mind when reporting foreign-sourced income on your Canadian tax return;

• a) Your residency status,
• b) The type of income you are reporting and;
• c) Country of origin to determine if we have a tax treaty to avoid double taxation. 

And if we have a treaty with the country of origin then this means you may be able to claim a Foreign Tax Credit.

For more detailed information as a Newcomer to Canada, please review the links provided below from TurboTax:

• Tax Filing Tips for Newcomers to Canada
• Things for Newcomers to Remember When Filing Taxes