I have a similar question. I became a permanent resident in Canada on Oct 2011 but did not start working in Canada until this month (Jan 2012). All my 2011 income is from the United States however upon entering Canada this past October I opened a checking account, a USD savings account, and a RESP for my newborn daughter.
Will I need to file a Canadian tax return aside from my U.S. Return? Will I have to report my U.S. income to Canada if it was earned before I became a permanent resident in Canada?
any guidance will be greatly appreciated
~Martin
Ottawa, ON
When did you start living in Canada? You usually become tax resident in Canada when you move here to live. You do not need to report US earnings before this date. However, I recommend that you still file a Canadian tax return from the date you became tax resident, even if you don't owe tax. It can take the CRA several months to process a tax return from a new resident. Let them do it now rather than next year when you might be kept waiting for a refund. Some benefit are only paid if you file returns.