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Author Topic: Moving Money from USA  (Read 1080 times)
akka
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« on: November 16, 2009, 07:52:21 pm »

Hi

I recently moved from USA.I was working theri and taxed.If I have to bring that money to Canada,will I be taxed on it?

Regards
Akhil?
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jes_ON
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Category........: CEC
Visa Office......: New York
App. Filed.......: 06-May-2010
AOR Received.: 13-Aug-2010
File Transfer...: 01-Mar-2011
Passport Req..: 30-Jun-2011
VISA ISSUED...: 12-Jul-2011 (received 25-Jul-2011)
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« Reply #1 on: November 21, 2009, 12:38:31 pm »

No, not if you mean by the Canadian government (service fees to move the money are another matter). 

First-year taxes in Canada are a bit complicated, and, you'll have to file in the US too. Actually you'll have to prepare your US Federal return before you can complete your Canadian return.  Make sure your US employer has your new address so that you'll get your W-2s...
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