When you become a resident for tax purposes, what income to report in your arrival year, how credits are prorated, why you are exempt from the foreign property form in year one, and the benefits you have to apply for.
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Canada’s 2026 tax brackets: federal 14% to 33%, Ontario, Quebec and New Brunswick, CPP and EI, and the difference between marginal and effective tax rates.
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The increase announced in 2024 was cancelled. The inclusion rate is still one-half, the lifetime exemption sits at CAD 1,250,000, and anyone who arrived from abroad has their cost counted from the date they became a resident.
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