Newcomer to Canada? Here's How Taxes Work in Markham

Page summary

A welcoming, plain-language guide for newcomers settling in Markham: when you become a tax resident, your first T1 return, world-wide income reporting, benefits and credits you can claim, and common newcomer mistakes.

• Article details: Tax Tips; published May 10, 2026; 10 min read.
• Markham has one of Canada's most diverse populations. Every year, thousands of new permanent residents, work-permit holders, international students, and recent immigrants settle here — many from South Asia, China, the Middle East, and other regions where the tax system works very differently from Canada's. Concepts that Canadian-born residents take for granted — filing a personal return every spring, declaring foreign bank accounts — are entirely new for most newcomers.
• This guide explains how the Canadian tax system works, what you need to do in your first year, and where newcomers most often run into trouble. No jargon, no assumptions.
• Our Markham accounting team works with newcomers year-round and is familiar with the questions that arise when navigating two countries' tax systems at once.
• ARMalik Professional Corporation is a Markham-based firm that works with newcomers from across the world. We file part-year returns, handle T1135 compliance, apply for CCB retroactively, and advise on cross-border income.
• Contact us or visit our Markham accounting page. We offer year-round personal tax services and tax planning for individuals and families at every stage of the immigration journey.

Related pages

• Blog: Browse more Canadian tax and accounting articles.
• Tax Planning & Advisory: Get advice before tax decisions become filing problems.
• Contact ARMalik: Ask a Markham CPA about how this topic applies to your situation.

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