A founder-led practice for Canada-resident owners of Bengaluru property.
DTAA Article 6 + Article 22 treaty relief. Section 195/197 TDS. Form 27Q quarterly. FEMA Form 15CA/15CB repatriation. e-Khata BBMP transition. Year-1 customer relationships are personally handled by founder Abhishek Sreenivasan. WhatsApp first; the email address gets answered, but slowly.
What changes when you live in Canada.
T1135 disclosure threshold is low (CAD 100K) — most NRIs with even one Bengaluru flat cross it. Ontario's combined federal+provincial marginal rate hits 53% — Indian rental loss can offset other Canadian income. RRSP + TFSA wrapper interaction with Indian portfolio.
Compliance notes specific to Canada
- **T1135 filing**: Mandatory if specified foreign property exceeds CAD 100K. One Bengaluru flat at ₹2 Cr = ~CAD 320K, comfortably above. Non-filing penalties: $25/day, $2,500 max — and CRA audit flag. Ameya provides T1135-ready year-end statements.
- **FTC**: Canada allows Foreign Tax Credit for India-side TDS. Section 195 TDS at 15% (treaty rate) is fully creditable — file Section 197 to reduce TDS first, then claim FTC for what's actually paid.
- **Provincial tax**: Ontario, Quebec, BC have material provincial rates. Indian rental income flows through, taxed at full marginal rate.
- **Departure tax**: If you become non-resident of Canada, Indian property triggers deemed-disposition at FMV (capital gains). Material for retirement-relocation planning.
Service ladder — transparent, structured.
| Tier | Scope | Pricing |
|---|---|---|
| Compliance Only | Section 195/197 TDS, Form 27Q quarterly, e-Khata BBMP transition, society reconciliation | ₹40,000 / property / year |
| Property Concierge | Tenant placement, rent collection, vendor management, repairs, dispute mediation, monthly statement | 8% of monthly rent |
| Wealth Portfolio | Multi-property absentee management, Friday NRI Briefing, repatriation coordination, banker liaison | 0.5–0.8% AUM / year |
| Sale Events | End-to-end sale: curation, marketing, KYC, documentation, registration, repatriation | ₹2–3L per sale |
Banker liaison, both sides.
Canada side: RBC VIP Banking · TD Wealth Private · Scotiabank Privilege · CIBC Private Wealth.
India side: HDFC Toronto NRI · ICICI Bank Canada · Kotak Mahindra Canada Rep.
For repatriation, we route through banker desks that offer clean Form 15CA/15CB documentation and forward-contract-friendly INR conversion. The choice of corridor matters more than most owners realise — the wrong desk can cost 0.6–1.2% in spread on every repatriation.
Canada-resident NRI owner FAQ.
What TDS rate actually applies to my Bengaluru rental income from Canada?
Default Section 195 TDS is 31.2% (30% + 4% cess). Under the India–Canada DTAA (Article 6 + Article 22), the treaty rate of 15% (DTAA reduces from 31.2% Section 195 default) can be claimed via Form 10F + Indian TRC stack. We file Section 197 Form 13 with the Assessing Officer to apply the treaty rate at source, typically reducing actual TDS to 5–15% based on net taxable rental.
How do I report Indian rental income on my Canada return?
T1 General with T1135 (Foreign Income Verification Statement) for Indian assets > CAD 100K. T1135 mandatory above CAD 100K specified foreign property. Penalties for non-filing are steep ($25/day to $2,500 max).
We provide year-end statements in the format your accountant or tax software needs — for Canada, that means T1 General with T1135 (Foreign Income Verification Statement) for Indian assets > CAD 100K.
What is the time-zone overlap for a private call?
Cal.com auto-converts to ET/PT. Founder availability 18:00–22:00 IST = 08:30–12:30 EDT / 05:30–09:30 PDT.
Where does this work best for Canada-resident NRI clients today?
Most active engagements: Toronto (GTA), Vancouver, Calgary, Mississauga, Brampton, Surrey. Ameya is location-agnostic on the Canada side — what matters is that you own (or are about to acquire) Bengaluru property.
Begin a conversation.
Three channels. WhatsApp is fastest. Voice notes welcome.