If you immigrate to NB, do you need to declare your income in China?

Because there is a tax treaty between China and Canada to avoid double taxation, there is no need to declare domestic income. In other words, your income in China is governed by the tax laws of China. Assuming that you pay taxes legally there, there will be no double taxation. Whether to pay taxes legally in China is the jurisdiction of China, not Canada. But the United States taxes the whole world. ).

Domestic fixed assets exceeding100000 Canadian dollars must be declared. For example, you had a house worth 500,000 RMB last year, and you don't need to declare it; Last year, it rose to 600,000, exceeding100,000 Canadian dollars, and will be declared soon. However, at present, the declaration of overseas assets has nothing to do with tax payment, that is, whether you declare100000 or1000000 overseas assets will not affect the tax and welfare of Canada. No one knows how the tax policy will change in the future. Maybe the tax bureau is going to settle accounts after autumn.