Canada-India Tax & Repatriation Advisory
The large Indo-Canadian diaspora frequently navigates property sales, ancestral inheritances, and retirement repatriation between Canada and India. We provide compliance support under Indian tax and exchange control laws.
Tax & Treaty Framework (DTAA)
The Canada-India DTAA provides relief against double taxation. Canadian tax residents are taxed by CRA on global income, making accurate reporting of Indian taxes paid through Foreign Tax Credit mechanisms essential.
Commercial & Business Context
Canadian firms outsourcing operations or investing in Indian innovation sectors benefit from clear structuring of Indian private limited subsidiaries under automatic FDI routes.
Core Compliance Focus Areas
- Property sale TDS optimization (Section 197 / Form 13) for Canadian citizens of Indian origin
- Issuance of Form 15CA and Form 15CB for remitting inheritance or sale proceeds under the USD 1M scheme
- Reconciliation of Canadian Tax Residency Certificates with Indian e-filing portal requirements
Advice is rendered regarding Indian tax implications under the Income-tax Act, 1961, FEMA regulations, and applicable DTAA provisions. For domestic tax filings in Canada, coordination with local CPAs is advised.
Frequently Asked Questions
Can Canadian citizens inherit property in India and remit funds to Canada?
Yes. Non-resident individuals and OCIs can inherit movable and immovable property in India. Repatriation of up to USD 1,000,000 per financial year is permitted via an NRO account upon submitting Form 15CA and Form 15CB.
Planning transactions between Canada and India?
Discuss withholding tax certification, Form 15CA/15CB, or entity formation with our team.
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