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Conferences Finance and Taxation - Finance et Fiscalite Topic #18
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bnasser
Charter Member
6 posts
11-Nov-00, 00:59 AM (EST)
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"Tax implication!"
 
   I shall be grateful, if anyone can reply to my following queries:

a) How much money (maximum ceiling)one can bring at the time of landing ? (a new immigrant)
b) and is that amount falls under taxation and at what rate.
c) What about follow up money or assets (other than income i.e. show the proof/documents at the time of landing) one transfers at a later date from foreign land or country of origin. (is this taxable and if yes what rate).
d) What is more benefitial,carry at the time of landing or list under follow-up money and assets ?

Thanks


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dcohenadmin
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2014 posts
07-Dec-00, 09:13 PM (EST)
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1. "RE: Tax implication!"
In response to message #0
 
   There is no maximum amount of assets that an arriving permanent resident is allowed to take to Canada. The relevant taxation issues are addressed in the prior topic.

It may be safest to land with the assets required for a few months, and to transfer the remaining amount electronically after opening a Canadian account.
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