Canada (NRI) Fixed Income Decision Center
Interactive educational simulator to help NRIs understand Indian fixed-income options, estimated tax impact, eligibility and planning.
This page is an educational planning simulator. Figures shown are illustrative estimates only. Taxation, remittance rules, eligibility and reporting obligations vary by country, residency, filing status and individual circumstances. Always verify current regulations with your bank, Chartered Accountant, CPA or relevant government authority before making financial decisions. No personal data is stored.
30-Second Canada NRI Assessment
1. Where do you currently live in Canada?
Select your region to tailor state/provincial tax notes and local banking tips.
Your Canada NRI Financial Snapshot
Key Strengths
- ✓Starting early allows optimal structuring of tax-free NRE capital.
Watch-Outs
- ⚠Worldwide income reporting mandatory in Canada (e.g. IRS FBAR/FATCA or CRA T1135).
Next Best Actions
- Keep an annual record of Indian interest income for your Canada tax returns.
- Audit joint account holders and update active nominees across all Indian bank deposits.
- Ensure your Indian bank records have your updated overseas address and international mobile number.
Interactive Money Flow from Canada to India
Tap on any node in the visual journey below to inspect FEMA compliance, tax handling, and execution rules.
Income earned in Canada (CAD) from employment or business.
Indian Fixed Income Eligibility for Canada NRIs
FEMA and RBI regulations mandate strict eligibility rules for non-resident investors.
NRE Fixed Deposit
7.1%100% tax-free in India. Principal and interest freely repatriable.
NRO Fixed Deposit
7.5%For local Indian income. Subject to 30.9% TDS (reduced under DTAA).
FCNR Deposit
3.5%Held in CAD. Zero foreign exchange conversion risk.
PPF (Provident Fund)
7.10%Cannot open NEW PPF. Old PPF can continue till 15Y maturity.
SCSS (Senior Citizen)
8.20%NRI cannot open SCSS. Gift money to resident parents to open in their name.
SSY (Sukanya Samriddhi)
8.20%New SSY cannot open if girl child is NRI.
POMIS (Post Office)
7.40%Post office monthly scheme not open to NRIs.
EPF / EPS Pension
8.25%Past employment EPF continues earning interest or can be withdrawn.
Illustrative Cross-Border Tax Impact Simulator
Simulate Indian TDS withholding, DTAA treaty relief, and estimated Canada tax impact.
Factor in your local tax rate to see net cross-border return.
Illustrative Tax Breakdown Output
* Educational Estimate only. Actual taxation depends on your individual filing status, income brackets, and local tax laws. Consult a qualified CPA and Chartered Accountant.
Likely Document Checklist Generator
Select your intent to generate a likely list of banking and tax documents.
* Estimated Processing Flow: You may be asked for these documents by your Indian bank or Chartered Accountant.
Interactive Compliance & Banking Checklist
Common Questions for Canada NRIs
Practical answers to frequent cross-border deposit and tax questions.
A: Yes. Canadian tax residents must report interest earned from NRE and NRO accounts on their T1 return in Canadian Dollars.
A: If the total cost of your foreign property (including Indian bank deposits, land, and stocks) exceeds C$100,000 at any time, you must file Form T1135 with CRA.
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Return to NRI Master Hub
Explore all 8 country guides, FEMA rules, and fixed-income calculators.