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I landed in Canada in August — do I report my whole year's world income or only from August?

⚠️ Disclaimer: For general information only — not tax, financial, or legal advice. Figures may be outdated or incorrect; tax rules change frequently. Verify important decisions with the CRA/IRS or a qualified professional. You use this information at your own risk.
The short answer

Only from August — from the date you became a resident of Canada for tax purposes. You report your world income (from all sources, inside and outside Canada) only for the part of the year you were a Canadian resident. But the CRA still asks you to disclose your pre-landing income — not to tax it, but to calculate your benefit and credit payments. Those are two different things, and mixing them up is the classic newcomer mistake.

The two-part rule: taxable vs. disclosed

PeriodWhat you report on the returnTaxed in Canada?
Jan 1 – day before you became residentForeign income goes on a Statement of Income (SOI), not on your returnNo (except Canadian-source employment/business income and gains on taxable Canadian property)
Day you became resident – Dec 31World income on your tax returnYes

Say you landed August 15, 2026. Your January–August 14 income earned outside Canada is not taxed in Canada — the CRA says so plainly. But you still report it to the CRA via a Statement of Income (SOI): the CRA uses it to calculate amounts like the Canada Child Benefit (CCB) so you can start receiving payments as soon as you're a resident, even before filing your first return. The SOI covers income you and your spouse earned outside Canada for the part of the year (or up to two years) you did not reside in Canada.

Why pre-landing income matters for credits: the 90% rule

Here's the wrinkle: reporting pre-landing income isn't just paperwork — it affects your tax credits. Your federal non-refundable tax credits (like the basic personal amount) may be limited for a part-year resident. You can claim the full credits only if the Canadian-source income you earned during the non-resident part of the year is 90% or more of your net world income for that part of the year (or you had no income in that period). Otherwise, those credits are prorated to your days of residency.

Convert every foreign amount to Canadian dollars using the Bank of Canada exchange rate in effect on the date you received the income — not the year-end rate.

Don't forget the deemed disposition

When you became a Canadian resident, the CRA treats you as having sold and immediately reacquired most of your foreign property (shares, funds, jewellery, collections) at its fair market value (FMV) on that date. Record the FMV of your assets on the day you landed — it becomes your new cost base, so only gains after immigration are taxable in Canada. Canadian real estate you already owned is the main exception.

Frequently asked questions

I earned most of my 2026 income before landing. Do I get any credits at all?

You can always claim certain credits tied to your Canadian-source income during the non-resident part of the year (CPP contributions, EI premiums, tuition, donations, and a few others). The remaining credits are prorated by residency days unless you meet the 90% rule. If you think you qualify for full credits, attach a note to your paper return showing your net world income for the non-resident part of the year.

My spouse hasn't moved to Canada yet. Do I report their income?

On your return, enter your spouse's or common-law partner's net world income for the year regardless of their residency status, plus their net world income for the period you were a resident. The SOI likewise covers both of you for the pre-residency period.

I was paid abroad in January but the money arrived in Canada in September. Which part of the year counts?

Generally, employment income is reported in the year it was earned/paid, following your home country's timing — but the CRA's residency split is about when you became resident, not when money moves. Report world income only from your residency start date; disclose pre-landing income on the SOI. If the timing is unclear (bonuses, stock vesting), get advice before filing.

Sources

  • https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving-entering-canada-non-residents/newcomers-canada-immigrants.html
  • https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving-entering-canada-non-residents/newcomers-canada-immigrants/completing-return-newcomers.html
  • https://help.wealthsimple.com/hc/en-ca/articles/4409322771355-Newcomer-to-Canada-Reporting-foreign-source-income
Disclaimer — please read. This article is for general information and educational purposes only. It is not tax, accounting, legal, financial, or immigration advice, and reading it does not create a professional or client relationship between you and Llandora. Tax and immigration rules change frequently and differ by country, province/state, and personal circumstances; figures, thresholds, and examples in this article may be outdated, incomplete, or incorrect, and may not apply to your situation. Always verify current rules with the official sources (CRA, IRS, IRCC, USCIS) and consult a licensed professional before making any decision. Llandora makes no warranty of any kind — express or implied — about the accuracy, completeness, reliability, or timeliness of this content. To the fullest extent permitted by law, Llandora disclaims all liability for any loss, damage, cost, or expense arising from errors or omissions in this article or from any action taken or not taken in reliance on it, whether direct, indirect, incidental, or consequential. You rely on this article entirely at your own risk.