Hi all
I would be grateful if you could help me with this query
I intend to transfer my savings after I land in canada and open a bank account here , the problem is that i cant transfer money from my origional country unless its done personally from me to my own account .
1-so is there a time limit after landing of when we could transfer our savings without taxation or questioning ??
the other problem is that i would have to transfer the money over 6 months !!! as my bank only allow 10 thousand USD per month , so it would take me 10 months to wire the whole amount which is 100 thousand !!!
2- is that ok , or this money would be considered taxable because its pouring into my account after I became a PR ???
thanks all
I would be grateful if you could help me with this query
I intend to transfer my savings after I land in canada and open a bank account here , the problem is that i cant transfer money from my origional country unless its done personally from me to my own account .
1-so is there a time limit after landing of when we could transfer our savings without taxation or questioning ??
the other problem is that i would have to transfer the money over 6 months !!! as my bank only allow 10 thousand USD per month , so it would take me 10 months to wire the whole amount which is 100 thousand !!!
2- is that ok , or this money would be considered taxable because its pouring into my account after I became a PR ???
thanks all