Hi All,
My wife's spousal PR visa is through. She plans to bring her personal funds and valuables here. From what I've heard, we are not taxed if we declare the funds and valuables at the first time of entry.
The total value of funds from all sources amount to approx 50k CAD and valuables about 20k CAD.
What must I do?
Would bank statements suffice? Can she show her bank statements and mention she would transfer it over to her Canadian bank account later?
Can we have an affidavit made to list all her valuables so she can carry it with her when she flies to Canada?
Are there any customs forms that we need to fill before hand?
Kindly advise. All suggestions are welcome.
My wife's spousal PR visa is through. She plans to bring her personal funds and valuables here. From what I've heard, we are not taxed if we declare the funds and valuables at the first time of entry.
The total value of funds from all sources amount to approx 50k CAD and valuables about 20k CAD.
What must I do?
Would bank statements suffice? Can she show her bank statements and mention she would transfer it over to her Canadian bank account later?
Can we have an affidavit made to list all her valuables so she can carry it with her when she flies to Canada?
Are there any customs forms that we need to fill before hand?
Kindly advise. All suggestions are welcome.