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Yes, but Canadian-resident investors can face restrictions with individual mutual fund schemes, so availability should always be confirmed with the AMC before investment. SEBI scheme documents show that some schemes exclude Canadian residents.
Use the account structure appropriate to the source of funds, Indian income and repatriation requirements.
Canada has significant foreign-asset reporting requirements.
For Canadian tax residents, Form T1135 generally applies when specified foreign property exceeds CAD 100,000 in total cost at any time during the year. Foreign investments can therefore create Canadian reporting considerations even where the investment is held in India.
The CRA also explains that investments in non-resident mutual funds can fall within specified foreign property rules.
Indian capital gains, TDS and other applicable tax rules continue to apply to Indian investments.
NRI investment rules, taxation, FEMA/RBI regulations and repatriation requirements may change from time to time. The information provided is for general educational purposes and may not reflect the latest changes.
Please consider your individual circumstances and applicable laws before making any financial or tax-related decision.
RBI/FEMA requirements determine whether proceeds can be transferred to Canada and through which permitted route.
He is 34 and wants to build long-term wealth in India while planning ahead for his young child's education and his retirement.
XYZ has to plan for two big goals at the same time: his child's education (13 years away) and his retirement (26 years), while keeping his family protected. What each goal will cost, and how much to set aside for it every year, depends on inflation, his tax position in Canada and India, and how much market ups and downs he is comfortable with.
Your income, investments and goals may be completely different from XYZ's. A goal-based review shows what your own goals may need and how your existing investments fit in.
Illustration only. XYZ is a hypothetical profile and no returns are assumed or promised. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Investing in a fund without checking Canadian eligibility
Ignoring Form T1135 reporting
Considering only Indian tax
Not maintaining acquisition/cost records
Ignoring currency conversion for Canadian reporting
Your Country. Your Goals. Your India Investments.
Your country of residence, tax residency, income, existing investments and financial goals.
Your Indian investments, NRE/NRO structure, insurance and existing financial commitments.
Create an investment and financial strategy based on your goals, time horizon and risk profile.
Implement eligible investment solutions based on your requirements and applicable regulations.
Review your portfolio as your income, residence, family, tax position and goals change.
Your India investment plan connects to more than one topic. Explore related pages:
Guidance for NRIs in other countries:
Eligible NRIs can invest subject to applicable regulations, KYC, fund-house eligibility and country-specific restrictions.
Yes, eligible NRIs can use SIPs subject to KYC, banking, AMC and applicable regulatory requirements.
NRE and NRO accounts serve different purposes. The appropriate account depends on the source of funds, Indian income and repatriation requirements.
Potentially, but repatriation depends on the investment type, source of funds, account, taxes and applicable FEMA/RBI rules. RBI rules provide different treatment for repatriation and non-repatriation investments.
Indian tax may apply depending on the investment, income/gain and applicable tax rules.
It may. This depends on your tax residency and local laws. Countries such as the US, UK, Canada and Australia have significant rules around foreign income, assets and reporting.
No. Some Indian mutual fund schemes exclude Canadian residents. Availability should always be confirmed directly with the AMC before investing.
Form T1135 is a Canadian foreign-asset reporting requirement that generally applies when specified foreign property exceeds CAD 100,000 in total cost at any time during the year. This should be reviewed with a Canadian tax professional.
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