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Do domestic properties need to pay taxes after immigrating to Canada?
Domestic real estate itself does not need to pay taxes, but only needs to be declared to the Canadian Taxation Bureau as "overseas assets". However, the income generated by domestic real estate-such as rent, deposit interest, wealth management income, fund stock income, share dividends, etc. -It should be paid to Canada as personal income. When paying taxes on these domestic incomes, the taxes (if any) already paid in China shall be deducted. In other words, you only need to pay the tax difference of individual income tax between Canada and China (Canada is higher than China).
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