Posts: 1284
Location: Pickering, ON
Posted on: 02-08-06 15:32:34
Quote:Originally posted by kanu20
Should I report my settlement fund to my tax return acquired from previous country of resident when I became resident of Canada.
Your settlement funds are not part of your income. In fact all the money you have earned before becoming a PR of Canada is not to be reported on your tax return. Once you become a PR of Canada, then you have to report your worldwide income on your tax return.
Posted on: 02-08-06 14:36:46
