I am planning to move to Canada (PR) soon, I want to know if there will be any tax for the Money (Let's say > 200K CAD) kept in my Foreign account outside Canada? That money will not yield any income/interest.
1. Should this be declared while entering Canada?
2. Should this be declared while filling Tax later that year?
3. Maybe over a period of years, if I plan to bring this money to Canada to buy a house, will there be any tax at that time when I bring this into Canada?
Appreciate your valuable advise on these.
1. Should this be declared while entering Canada?
2. Should this be declared while filling Tax later that year?
3. Maybe over a period of years, if I plan to bring this money to Canada to buy a house, will there be any tax at that time when I bring this into Canada?
Appreciate your valuable advise on these.
