Regarding Long term Mutual Funds

[JanCan12345]

Hi there ,

I was wondering , if I sell long term Mutual Funds in India that are tax exempt , would I have to pay taxes on that in Canada ?

Thankx.

 

[steaky]

Hi there ,

I was wondering , if I sell long term Mutual Funds in India that are tax exempt , would I have to pay taxes on that in Canada ?

Thankx.

I believe so, but you can confirm with your accountant.

 

[canuck78]

Hi there ,

I was wondering , if I sell long term Mutual Funds in India that are tax exempt , would I have to pay taxes on that in Canada ?

Thankx.

You have to look at the tax treaty with India lr speak to an accountant who is familiar with the tax treaty Canada has with a India. There are quite a lot of accountants primarily located in greater Toronto and greater Vancouver who specialize in accounting for Canadians who have assets in India. Would start by researching tax treaty Canada has with India.