Hi,
I have a PR since almost 3 years now, and I'm planning to move to Canada permanently within few months, however, during all the previous 3 years I had a bank account in Canada with around CA$6000, which were earning interest, and I haven't filed any tax sheet since I didn't work in Canada.
Now I'm planning to transfer large amount of money to my account in the Canadian bank before I move permanently, my question is will I be taxed on them?
And with that large amount of money I will buy a house in Canada, what would be the taxing on that?
Thanks in advance.
I have a PR since almost 3 years now, and I'm planning to move to Canada permanently within few months, however, during all the previous 3 years I had a bank account in Canada with around CA$6000, which were earning interest, and I haven't filed any tax sheet since I didn't work in Canada.
Now I'm planning to transfer large amount of money to my account in the Canadian bank before I move permanently, my question is will I be taxed on them?
And with that large amount of money I will buy a house in Canada, what would be the taxing on that?
Thanks in advance.