[Urgent] Should the income from assets in China be declared and taxed in Canada after immigrating to Canada?

1, Canadian nationality and green card holders, which are divided into two categories by the tax bureau, one is taxpayers and the other is non-taxpayers.

2. Taxpayers who live in Canada for more than 6 months every year are taxpayers. For tax residents, overseas income is required to be declared, but it is not necessary to pay taxes. According to the income and expenditure, it is taxed according to the tax standards of China and Canada.

For example, the tax rate in China is 65,438+00%, and the tax rate in Canada is 65,438+05%. You have already paid 65,438+00%, and you have to make up the difference of 5% in Canada. On the contrary, it is 15% in China and 10% in Canada. The Canadian government will not let you pay taxes, but it will not give you a tax refund. Taxable assets are limited to cash, and real estate is not taxed.

3. Non-tax residents refer to people who live in Canada for less than 6 months every year, and their overseas income does not need to be taxed by the Canadian government. Non-tax residents need to apply to the government in advance. Once they apply to become non-tax residents, some benefits in Canada will be cancelled or reduced.

Extended data:

Personal income tax has three different tax rates according to different tax items:

Comprehensive income (income from wages and salaries, income from labor remuneration, and income from royalties) is subject to a 7-level progressive tax rate, and tax is calculated according to the monthly taxable income. The tax rate is classified according to the taxable income of individual monthly wages and salaries, with the highest level being 45%, the lowest level being 3%, and the ***7 level.

Operating income is subject to 5 levels of excess progressive tax rate. The income from production and operation of individual industrial and commercial households and the annual taxable income from contracted operation and lease operation of enterprises and institutions are classified into grades, with the lowest grade being 5%, the highest grade being 35%, and the first grade being 5.

Proportional tax rate. Personal income tax is levied on personal income such as interest, dividends, bonus income, property lease income, property transfer income, accidental income and other income, and the proportional tax rate of 20% is applicable.

Baidu encyclopedia-personal income tax