Tax on income earned abroad and not taken into Canada

[aurobind]

I want to know if I earn from business or on stocks and forex trading into my accounts  in foreign  countries, based on my previous operations and still rewarding me for the same in a foreign country, is such income taxable in Canada 1) if I am a PR and 2) if I become a citizen?

[links18]

Canadian tax liability depends on residence rather than citizenship or PR status, although PR status may be one thing they take into consideration in determining your residence for tax purposes. The more important factor is whether or not you had "residential ties" with Canada when you earned the income. The definition of "residential ties" is not always clear, but CRA lists a few things that might constitute residential ties, like having a spouse or dependents in Canada, maintaining a residence in Canada and/or having a vehicle registered there. Obviously, if you are living in Canada than your income is probably subject to Canadian tax.

[aurobind]

Thanks for the input. But I presume it is still vague and depends on what is declared as a source of income. Will try to get a lawyer to interpret the details.