The Canadian Tax System requires all taxpayers to report their worldwide income
If you are a resident of Canada, then you are required to pay tax on all your income earned from different parts of the world although there are foreign tax credit rules in place with most nations to avoid double taxation.
You should a consult a tax expert who can guide you on the tax implications that arise from foreign income and how can you minimize your tax liability by maximizing your foreign tax credits.
The experts at Softron tax have vast experience in such complicated returns and up to date knowledge of all tax laws.
Visit your nearest Softron location today or call to book an appointment.
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