Canadian Tax - S18 – Residency/International

Canadian resident for tax purposes

A person who meets the Canadian tax-residency rules for a particular period.

Non-resident

A person who is not resident in Canada for tax purposes under the applicable rules.

Deemed resident

A person treated as resident under specific statutory rules despite not necessarily meeting ordinary residency criteria.

Deemed non-resident

A person treated as non-resident under specific rules, potentially including treaty provisions.

Date of entry

Date a person becomes resident in Canada for tax purposes when applicable.

Date of departure

Date a person ceases to be resident in Canada for tax purposes when applicable.

Foreign income

Income arising from sources outside Canada.

Foreign tax credit

Credit that can reduce Canadian tax on qualifying foreign income where foreign tax has been paid.

Foreign property

Property located outside Canada that may trigger Canadian reporting requirements depending on the circumstances.

T1135

Foreign Income Verification Statement used to report certain specified foreign property when the applicable conditions are met.

Tax treaty

An agreement between Canada and another country addressing issues such as taxation and prevention of double taxation.

Cross-border tax

Tax issues involving more than one country's tax system.