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Bringing funds after landing

Suin

Suin

VIP Member
Sep 14, 2008
4,037
285
Ontario, Canada
Category........
Visa Office......
CIC Etobocoke, H&C Grounds
Job Offer........
Pre-Assessed..
App. Filed.......
24-03-2014
File Transfer...
31-07-2014
Med's Request
09-12-2014
LANDED..........
24-02-2015, PR Card Received: 02-04-2015
Hello. I have a friend who had a landing interview and became a PR in-land. He has stayed in Canada for a few years without leaving & he cannot leave Canada for a quite a while yet. Could you please advise how much time he has to bring his money from his country to Canada as a part of his landing?
Thanks for all the inputs.
 
CanV

CanV

Champion Member
Apr 30, 2012
1,237
156
Job Offer........
Pre-Assessed..
Suin said:
Hello. I have a friend who had a landing interview and became a PR in-land. He has stayed in Canada for a few years without leaving & he cannot leave Canada for a quite a while yet. Could you please advise how much time he has to bring his money from his country to Canada as a part of his landing?
Thanks for all the inputs.
Click to expand...
He already became a PR in-land? Then he no longer has show proof of funds. This is done only when landing, not after becoming a PR.
 
Suin

Suin

VIP Member
Sep 14, 2008
4,037
285
Ontario, Canada
Category........
Visa Office......
CIC Etobocoke, H&C Grounds
Job Offer........
Pre-Assessed..
App. Filed.......
24-03-2014
File Transfer...
31-07-2014
Med's Request
09-12-2014
LANDED..........
24-02-2015, PR Card Received: 02-04-2015
CanV said:
He already became a PR in-land? Then he no longer has show proof of funds. This is done only when landing, not after becoming a PR.
Click to expand...
Thank you for you reply, CanV. Yes, he got PR in-land. Sorry for the confusion, we are just not sure how long after landing he has to bring his stuff and funds as a part of his landing.
 
L

Leon

VIP Member
Jun 13, 2008
21,950
1,318
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As a PR, he can bring funds to Canada any time but he doesn't have to. He just needs to make sure he declares to customs if he is bringing more than $10,000 at one time.
 
Suin

Suin

VIP Member
Sep 14, 2008
4,037
285
Ontario, Canada
Category........
Visa Office......
CIC Etobocoke, H&C Grounds
Job Offer........
Pre-Assessed..
App. Filed.......
24-03-2014
File Transfer...
31-07-2014
Med's Request
09-12-2014
LANDED..........
24-02-2015, PR Card Received: 02-04-2015
Leon said:
As a PR, he can bring funds to Canada any time but he doesn't have to. He just needs to make sure he declares to customs if he is bringing more than $10,000 at one time.
Click to expand...
Thank you for you reply Leon. We heard somewhere that the funds brought to Canada as a part of landing are not taxable. He has more than 200K to bring to Canada. We just cannot figure out what time range he has to bring the money not to pay taxes on it.
 
CanV

CanV

Champion Member
Apr 30, 2012
1,237
156
Job Offer........
Pre-Assessed..
Suin said:
Thank you for you reply Leon. We heard somewhere that the funds brought to Canada as a part of landing are not taxable. He has more than 200K to bring to Canada. We just cannot figure out what time range he has to bring the money not to pay taxes on it.
Click to expand...
What kind of tax he has to pay to transfer foreign funds? None.
 
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