Dear friends,
I am an Indian working in Myanmar (Burma). I have just received my visa and will be doing a soft landing at this stage. I will land in Toronto in May 2019 and will stay with my brother for 3 weeks before returning to Myanmar. I will give his address for delivery of my PR card which he will arrange to send to me later. I plan to move Canada in 2020 after completing my contract here. I have following queries and will appreciate your comments/guidance:
1- When and where to apply for SIN?
2- Do I need to carry an amount equivalent to POF with me or bank statement for amount in my foreign currency account in India will suffice? I want to carry approx USD 2,000 with me.
3-From above posts, I understand that I should apply for health card on my permanent landing.
4-As I will land permanently in Canada in summer 2020 (after almost one year), can I still submit Goods to Follow list?
5-Should I open a Canadian bank account after my first landing?
6-The amount in USD from my current earning is transferetr into foreign currency account in India and I have to pay approx 1% conversion charges. In the future when I will transfer these funds to my Canadian account, I will have to pay conversion charges again. In India I get approx 4% interes. Is it advisable to keep funds in Indian account or Canadian?
7- What about taxation if keep my funds in India or Canada?
8- After obtaining Canadian PR, do I need to show my earnings of Myanmar to CRA and start paying taxes or it will apply after my permanent move?
Sorry for posting many questions.
Thanks in advance.