A non-resident in Canada can repatriate up to USD 1 million per financial year from an NRO account, covering sale proceeds, inheritance and other balances, after Indian tax is paid. The bank needs Form 15CA from you and, in most cases, a chartered accountant's certificate in Form 15CB. Funds originally remitted from abroad may be repatriated through the NRE route. The money should then be reported correctly on your Canadian return.
- Document route
- Notary or lawyer, then apostille from Global Affairs Canada or the provincial authority
- Time difference
- IST is 9h30 (Ontario, summer) to 13h30 (British Columbia, winter) ahead
- NRE and FCNR
- Freely repatriable
- NRO and assets
- USD 1 million per financial year
Repatriation of Funds from Canada: how it works
We first trace the source of each amount: sale deed and TDS certificates for property, a will, probate or succession documents for an inheritance, or bank statements for savings. A chartered accountant then certifies in Form 15CB that tax has been paid or is not due, and you file Form 15CA online. Your Indian bank processes the outward remittance to Canada; some banks ask for the original documents or a branch visit by an attorney holder, which we arrange.
Delays often come from missing PAN details, mismatched names between the passport and Indian records, or an old savings account never converted to NRO after emigration. We fix those first. For larger sums, plan across two financial years to stay within the annual limit. In Canada, the remitted capital is not itself income, but interest and gains earned are taxable, and your T1135 reporting may need to reflect assets held during the year.
What clients in Canada should know
- Converting a resident savings account to NRO is a FEMA requirement once you become non-resident; banks may freeze accounts that were never converted.
- Canada taxes interest and gains on Indian funds; the Indian tax deducted can generally be claimed as a foreign tax credit.
- Agricultural land sale proceeds can be repatriated only within the NRO limits, and the original acquisition by inheritance must be documented.
Step by step from Canada
Video consultation
A call at a time that suits Canada, after we have read your documents.
Documents signed in Canada
Notary or lawyer, then apostille from Global Affairs Canada or the provincial authority
Work in India
Our team files, appears and follows up in India, and shares scans of everything filed.
Result and handover
Certified copies and originals are couriered to you in Canada where needed.
The full guide
This page covers what changes when you are in Canada. For the law, the documents and the step-by-step procedure, read our main page on Repatriation of Funds, or see all services for clients in Canada and the Cross-Border Tax & Money practice area.
Questions from clients in Canada
Is there a limit on how much I can move to Canada?
Up to USD 1 million per financial year from NRO balances, plus NRE balances that are freely repatriable.
Do I need to be in India to transfer the money?
Usually not. Banks accept instructions with Form 15CA and 15CB, sometimes through an attorney holder or video verification.
Is the money taxed again in Canada?
Bringing capital to Canada is not taxed as income, but income and gains earned are reported, with credit for Indian tax.