If you recently moved to Canada, you may need to file a Canadian tax return. You must file if:
- You owe tax for the year
- You want to claim a refund
- You want to receive benefit/credit payments
Check out the resources below to make sure you have everything you need for your first Canadian tax return.
Reporting your income
As a newcomer, report both Canadian and foreign-source income on your return. Include:
- Employment income earned in Canada
- Income from a business carried on in Canada
- Taxable capital gains from selling Canadian property
- Canadian-source scholarships, bursaries, fellowships, or research grants
Wealthsimple Tax Resources
- Why can’t I enter my date of entry?
- I don’t have a first name, how do I finish my return?
- How do I report my NR4 slip?
Filing with a spouse
- If your partner immigrated within the tax year, report this on your return
- For partners living outside Canada, see: My spouse is not a resident of Canada, what do I do?
- For spousal amount questions: Why doesn’t the spousal amount appear on my return? (spouse immigrated this year)
Common Deductions for Newcomers
A deduction is something that is used to reduce your total amount of taxable income for the year. Below are common deductions for Canadians, along with information on whether you can claim them as a newcomer to Canada.
- RRSP contributions: Not claimable in your first year of filing
- Support payments: May be deductible
- Moving expenses: Generally only for moves within Canada, with some exceptions
- Canada Workers Benefit (CWB): Not eligible if you immigrated in the tax year
- Other deductions may apply based on your situation
Remember:
- Keep all relevant documents and receipts
- Consider your residency status for tax purposes
- Be aware of tax treaties between Canada and your previous country of residence
For more detailed information, visit the CRA's guide for newcomers to Canada.
If you have questions about your specific situation as a newcomer filing taxes in Canada, consider consulting with a tax expert. For assistance using Wealthsimple Tax, please contact Wealthsimple support.
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