What Canadian Expats Often Miss:
If you’re a Canadian tax resident, the CRA requires you to declare your worldwide income — even if that income was already taxed abroad.
👉 CRA official info:
💡 Key Points for Expats
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Residents of Canada: Must declare income from all sources worldwide.
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Non-residents: Report only Canadian-source income.
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Tax treaties: Prevent double taxation. Use Form T2209 (Foreign Tax Credit) when filing your Canadian return.
🔗 CRA Tax Treaty List:
https://www.canada.ca/en/department-finance/programs/tax-policy/tax-treaties.html
⚖️ Examples
1️⃣ You move to Australia mid-year and still qualify as a factual resident — you must report your Australian salary to CRA but can claim a foreign tax credit.
2️⃣ You earn interest from your Canadian savings account while abroad — still taxable in Canada.
🚫 Common Mistakes
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Assuming tax paid abroad removes Canadian obligations.
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Forgetting to declare global investment income or pensions.
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Overlooking foreign exchange conversion at correct rates.
🦊 Felix’s Quick Tips
🦊 Track every source of income abroad, including employer bonuses and rental income.
🦊 Keep proof of foreign taxes paid for credit claims.
🦊 File Form T1135 if your foreign assets exceed CAD 100,000.
🦊 Coordinate with a cross-border tax professional to optimize credits.
🧭 See Also
Residency Explained → https://xpatwealth.com/expat-tax-residency-canada/
Departure Tax Rules → https://xpatwealth.com/expat-departure-tax/
CGT on Property Abroad → https://xpatwealth.com/canada-expat-cgt-property-sale/
Free Expat Tax Resources → https://xpatwealth.com/free-resources/
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