- Apr 26, 2014
- Visa Office......
- Job Offer........
- App. Filed.......
- AOR Received.
- Med's Request
- Med's Done....
- Passport Req..
- VISA ISSUED...
You are a new immigrant and so won't be taxed all you need to do is to inform the bank you need to wire transfer the rest of your funds from your country and they will guide you. I didn't have any problems at all, the bank charges no fees they only convert your usd with the present rate of the market at the bank on that day of opening your account you also have an option of opening a usd account with a cad account your choice. Opening an account is very easy for immigrants to Canada I recommend you open a scotia bank account very helpful to immigrants. So pls do not convert your usd u might loose a lot. If travelling with your spouse u can both carry the specified amount each for one traveller that way u kill 2 birds with one stone by carrying more cash,, all the best
SZ84 said:Thanks a lot "lilbro" for your reply.
I have one more question. if i don't declare the them 50,000CAD amount on my goods to follow list, then will I be Taxed when i transferred them to Canada after opening a bank account there.
Also you mentioned that you carried the funds in USD. how was that experience for you ? did you face any hurdles opening a bank account in USD & also did bank charged you any fee when converting from USD to CAD?
my funds currently are in USD and i was planning to convert them to CAD before moving to Canada. but if you didn't faced any issue carrying the USD then please let me know and i will not convert my funds as well.
thanks a lot in advance for your guidance