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Moving savings to Canada

userrandom23

Full Member
Mar 3, 2021
22
2
Hi Folks,

I've recently moved to Canada for the first time on a work permit. Is there any tax on moving my pre-Canada savings to Canada through wire transfer? I heard that any transfer over $10k is reported to the CRA, does that mean I will have to pay tax on it?

Thank you!
 
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Copingwithlife

VIP Member
Jul 29, 2018
3,864
1,867
Earth
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