Once you become a resident of Canada for income tax purposes, you will be subject to income tax in Canada on your worldwide income, including the Mexican rental income.If you are subject to tax on the same income in both Canada and Mexico, it may be possible to reduce or eliminate double taxation by claiming a foreign tax credit in Canada for any taxes paid on the rental income in Mexico.
The nature of this facility is to provide a general response to a general question. Under no circumstances should anyone act on this information without obtaining analysis and counsel from a qualified advisor with respect to the specific situation.
Phillip Nadler, CA
Richter Usher & Vineberg
http://www.richter.ca
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