Tax payable in Canada for Term deposit interest in India

[VIJGUP]

I have moved to Canada from India having acquired PR. In India I have interest income from bank savings account and from PPF. Do I have to pay tax on these income in Canada?

 

[DAS_1]

I am looking for same information

 

[@trigger]

I have moved to Canada from India having acquired PR. In India I have interest income from bank savings account and from PPF. Do I have to pay tax on these income in Canada?

Yes

 

[steaky]

Yes

You don't know unless the poster share his or her tax return with you.

 

[@trigger]

You don't know unless the poster share his or her tax return with you.

Irrespective of anything, all such incomes are considered global income, which need to be reported and would be taxed accordingly here..

 

[mayank_grover]

Hi members,

For reporting income from foreign investments like bank fd’s, how do you guys calculate the interest amount earned from Jan to Dec? Banks in India generally give interest certificates from April to March. Since the tax reporting cycle is different in Canada, how to report the total interest earned?
Also, because of above, the income on an ITR will not match the foreign interest income reported in a T1. How do you guys manage this?