# T1135 for first year resident **URL:** \ **Category:** Tax Topics\ **Created:** [March 2, 2024, 5:29am UTC](https://www.protaxcommunity.com/t/t1135-for-first-year-resident/7942 "2024-03-02T05:29:23Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![eatandeatfat](https://avatars.discourse-cdn.com/v4/letter/e/5e9695/32.png) [@eatandeatfat](https://www.protaxcommunity.com/u/eatandeatfat)\ **Post date:** [March 2, 2024, 5:29am UTC](https://www.protaxcommunity.com/t/t1135-for-first-year-resident/7942/1 "2024-03-02T05:29:23Z")
**An individual does not have to file Form T1135 for the tax year in which he or she first became resident in Canada.** Does it mean that I don’t need to report and pay tax for the foreign bank saving interest earned and the foreign bond/stock interest/dividend for the tax year 2023? I came to Canada in 2023. Thank you! ---
**Author:** ![laurie](https://avatars.discourse-cdn.com/v4/letter/l/13edae/32.png) [@laurie](https://www.protaxcommunity.com/u/laurie)\ **Post date:** [March 2, 2024, 4:09pm UTC](https://www.protaxcommunity.com/t/t1135-for-first-year-resident/7942/2 "2024-03-02T16:09:10Z")
You still have to report all income and expenses on world wide income during the resident period. They just give you a grace year of not having to file the T1135 the year you arrive. ---
**Author:** ![kevin](https://avatars.discourse-cdn.com/v4/letter/k/2acd7d/32.png) [@kevin](https://www.protaxcommunity.com/u/kevin)\ **Post date:** [March 2, 2024, 4:32pm UTC](https://www.protaxcommunity.com/t/t1135-for-first-year-resident/7942/3 "2024-03-02T16:32:23Z")
You’ll have to declare and pay tax on your world-wide income after you became a Canadian resident (I assume that was in 2023). You’ll also have to declare your 2023 income while a non-resident on Schedule A so CRA can determine things such as entitlement to GST credits, Trillium Benefit (in Ontario), and other programs that are income-based.