Hello,
I recently received my immigration visa and I am planning to move to Montreal in a month. I have few questions about declaring my personal belongings and property in my home country:
1- When should I declare the home that I own in my home country? should I mention it while entering Canada and to the office who is interviewing me or should I file it in my upcoming tax return?
2- If I sell the house (approx CAD 500 K) and decide to bring the money to Canada, should I pay any taxes? Since I am going to declare that I have owned the house before entering Canada and on the other hand I will pay the taxes in my home country after selling it.
3- for declaring my personal belongings i.e. Car, jewelry, rug, silver, LEDs etc should I just list them in the related form or do I need to bring the documentations as well? i.e. the ownership document of my car, pictures of the listed items...
4- What is the deadline to bring these items or the money after selling them to Canada? and if I dont bring them to Canada before this deadline how can I do so? what is the tax policy for bringing them after this deadline?
many thanks,
Nader
I recently received my immigration visa and I am planning to move to Montreal in a month. I have few questions about declaring my personal belongings and property in my home country:
1- When should I declare the home that I own in my home country? should I mention it while entering Canada and to the office who is interviewing me or should I file it in my upcoming tax return?
2- If I sell the house (approx CAD 500 K) and decide to bring the money to Canada, should I pay any taxes? Since I am going to declare that I have owned the house before entering Canada and on the other hand I will pay the taxes in my home country after selling it.
3- for declaring my personal belongings i.e. Car, jewelry, rug, silver, LEDs etc should I just list them in the related form or do I need to bring the documentations as well? i.e. the ownership document of my car, pictures of the listed items...
4- What is the deadline to bring these items or the money after selling them to Canada? and if I dont bring them to Canada before this deadline how can I do so? what is the tax policy for bringing them after this deadline?
many thanks,
Nader