Aryan

Yes I will be filling the T1135. And for the time offset I am looking at the interests deposit date to report that income. So basically any interests deposited in my indian accout from 1st jan 2021 to 31st dec 2021 should be reported here. Is this correct? Are there any deductibles for foreign income for India and Canada tax treaty that I can use, other than tax paid in India? BTW I will pay tax om these amounts when I file for tax return in India later so can I use that tax paid as a deductible for net year return file in Canada?

Sure Ill check .. I do have one tax related question .. when I check my indian account the banks deposit the interest either yearly or quarterly and the financial year in India is april to March. So lets take an example of 2021 tax returns I am filling in Canada right now I can show what ever deposits happened in my account for that year but they havent been taxed yet and will be taxed in march 2022 in India. So at this point I don't have any amount withheld as tax in india for these deposits. Given this I will put tax withheld as 0 in canadian tax return. But then in march some tax will be applied on these in India so when can I use that as a tax deducation?

Does ufile support sending the T1135 online for year 2021?

When I complete my file on Ufile it shows that I have to pay the CRA some amount. My question is how do I pay this amount to CRA? Do I file first and then send the money or the other way?

Thanks! On the ufile online platform which section should I use to report this?

And according to the tax treaty between India and Canada I see the following: "Interest arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State. However, such interest may also be taxed in the Contracting State in which it arises and according to the law of that State, but if the recipient is the beneficial owner of the interest, the tax so charged shall not exceed 15 per cent of the gross amount of the interest." Does this mean that In India I will be charged max 15 % of the interest as Tax? And that is the tax credit I receive in Canada?

I have fixed Deposits worth ~100000K in India. I earn interest on them in India. Do I have to report this in Canadian income tax? If yes how?

I am a Permanent resident in Canada and I have some Fixed deposits in India (value approx. 110000 CAD). Do I have to declare this property on the tax return? Will I be taxed for the interest I received on these even if I pay tax in India for the same?