TaxTMI 
TaxTMI 
Mr.A purchased mutual fund in fy 2010 to 2021. Then migrated to canada as permanent resident in july 2022. Now in july 2024 sold all mutual fund and paid LTCG in India. Now while filing ITR in Canada for calander year 2024 , whether any relief under DTAA with canada available in canada taxation. Please guide.
taxation under dtaa with canada
20 Mar 2025 
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Capital gains taxation: India-Canada treaty permits both jurisdictions to tax mutual fund gains, Canada may apply domestic rules.
The India-Canada DTAA's capital gains provision permits both contracting states to tax gains on sale of mutual fund units; therefore Canada may tax the gain under its domestic law despite prior tax paid in India, and the taxpayer should consult a Canadian tax practitioner to determine applicable relief and filing obligations. (AI Summary)
The India-Canada DTAA's capital gains provision permits both contracting states to tax gains on sale of mutual fund units; therefore Canada may tax the gain under its domestic law despite prior tax paid in India, and the taxpayer should consult a Canadian tax practitioner to determine applicable relief and filing obligations. (AI Summary)