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CA1.3.1ÌýÌýÌýÌý Income tax

Canada taxes all resident individuals on their worldwide income, including:

1. Ìý

   •ÌýÌýÌýÌý employment income

2. Ìý

   •ÌýÌýÌýÌý property income

3. Ìý

   •ÌýÌýÌýÌý business income

4. Ìý

   •ÌýÌýÌýÌý pension income

5. Ìý

   •ÌýÌýÌýÌý trust income

6. Ìý

   •ÌýÌýÌýÌý miscellaneous income

All income from foreign sources is included in income for Canadian residents, unless the foreign income has already been taxed in the country of origin, a foreign tax credit may be available in Canada. Where a tax treaty applies, it would be important to determine the taxation of the foreign income under the treaty provisions.

Some types of income are exempted from inclusion in income of taxpayers. Also some individuals do not pay tax on any type of income. These exemptions relate to relatively narrow groups or situations, such as (ITA s.81):

1. Ìý

   •ÌýÌýÌýÌý certain amounts payable to Canadian forces personnel

2. Ìý

   •ÌýÌýÌýÌý war reparations

3. Ìý

   •ÌýÌýÌýÌý payments in respects of relief from disaster

Income earned by a person while that person was an employee of the government of a country other