Localfund.com - All about Fund and Investment
*Home>>>Bond Investment

How to report foreign investment in Canada?


I have some foreign investment (unit trusts, shares and bonds) from which I receive dividends. Those are all non-buisiness income, and the dividends from the unit trust have credits called imputation credits, automatically deducted at the rate of 33% by the bank. Also the dividends from shares and bonds are non-taxable in the country where I came from. Are they all taxable in Canada? If so, how I can report it on my tax return? I'm totally lost. Please help!

p.s. I believe my country has a double tax treaty with Canada. I'm currently in Ontario as a resident for tax purposes.

The income is taxable in Canada. You will have to convert the amounts to Canadian dollars (the official exchange rates to use are available from the CRA web site) and report it on line 121 as "other income".

For taxes that were withheld from these amounts, you can claim the Federal Foreign Tax Credit on lines 431 and 433.

Tags
  Business Investment   Business financing   Business Invest   Business Debt   Bond Investment   Angel Funds   Alternative Investment
Related information
  • Price per bond?

    Rs 2000 in T years is worth Rs 2000/(1+r)^T today, where r is the required return. With r=0.1 and T=5 we find Rs 1241.84

    ...
  • What is Investment Value?

    read tips on investing and stocks to help you better on this site

    ...
  • How good is a universal indexed life insurance policy as an investment vehicle compared to bonds or annuities?

    It's very good for the agent who sold it to you. Get term life until your dependents are independent and make your own investments.

    ...
  • Are bonds a good and safe investment?

    Well. I am not particually fond of the previous answers because they fail to mention what inflation can do to bonds. For example: If you own a bond that pays 4% interest such as a long term muncip...

  • What is the link between IRA and investment particularly stocks and bonds?

    An IRA is a tax deferred account. It is a holding place for your investments that you want to be tax deferred. There is a limit to the amount you can put in your IRA each year. Everything else you ...

  • Interest Rates/ Return On Investment multiplied??

    You multiply your dollar returns, not the percentage return. if 1 bond returns 10%, then 10 of the same bonds will return 10%. if 1 bond pays $100, then 10 of the same bonds will pay $1,000.

  • How should you split your investment portfolio between stocks and bonds?

    Your portfolio is made up of two parts: 1. Risky Assets (stocks) 2. Risk-free asset (AAA bonds, t-bills) Assuming your risky assets are diversified, it makes no difference how you allocate...

  • What are the best investment plans ( Roth,401 k, bonds,) in order?

    There is some debate as to the correct answer. In my opinion a Roth IRA is the best vehicles for retirement savings because the amounts earned within the account are untaxed. A traditional IRA is...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster