I have this question on bringing in money to Canada after property sale abroad. I read a few related topics on the forum and already have cleared many questions. But still have some questions to my specific scenario. If some of the experts here can answer that, it is highly appreciated. Scenario: - I have a house abroad (in India) since 2007 - I arrived in Canada in 2010 on Work Permit and have been living and working here since then. - I got my PR and landed in mid 2013 - I am selling the house abroad now and bringing money to Canada via some money transfer service. the value has appreciated from 2005 to now. (about 200K) - I will be paying capital gain taxes in my home country, when I file my taxes next year - I have other money(savings) that I will be bringing in too - I had on my PR landing stated I have a house abroad, but there was no place to declare at customs (I declared only household stuff and jewelry). I was told I can bring in money later as a PR holder and there was no limit to amount or duration. However there was nothing mentioned about tax obligations and I didn't ask at the time. -There is no rental income from the property abroad during this period, since I used it for holding my personal stuff. Questions: 1. What are my tax obligations in Canada? I read conflicting opinions that I need to pay for capital gain tax in Canada and also that if I am paying capital gain tax in India, I am not required to pay capital gain tax here (i.e no dual taxation)? And another opinion that I need to pay taxes in Canada but can claim Foreign tax credits. What applies to my scenario. 2. If I need to pay taxes in Canada, what is the basis for the value of the house? I have read that the base value of the house is the value when I became a "resident". Is that the date I originally came to Canada(2010) or the date of landing(2013)? 3. When I calculate base value and the current value on sale, can I factor in currency conversion rate in 2010 and 2013? 4. On my tax filings in the past years, I have said no to the question that asked "if I have property abroad value at more than $100000". I did that on the basis that the house was not used to generate income but used for personal purposes. I hope that is the right thing in my scenario. Would I have problems now that I am selling and bringing in money? 5. Does anyone has good pointers to a good money transfer service and any pointers to what procedure is involved in transfer?