I am a PR card holder since 2011.
I will be renewing my PR card on 2016 since now I am outside of Canada.
My wife is a Canadian and is staying with me outside of Canada.
I will be inheriting some money (gift) from my family.
So I want to take this money with me to Canada to help me start my life there with my wife.
At first when I entered Canada, I did not know the procedures,
and so I did not declare or claim anything in 2011 when I landed.
I feel like I am in a bit of a pickle.
Please help me out....
I have a few questions:
1) What is the process & procedure of transferring big amounts of Cash into Canada from another country?
2) How will I transfer this in an easy way.. What is the procedure?
3) When I transfer the money ... would tax be deducted from the amount? If so, How much?
Would appreciate ALL help and advice I can get... Thanks in Advance.
I will be renewing my PR card on 2016 since now I am outside of Canada.
My wife is a Canadian and is staying with me outside of Canada.
I will be inheriting some money (gift) from my family.
So I want to take this money with me to Canada to help me start my life there with my wife.
At first when I entered Canada, I did not know the procedures,
and so I did not declare or claim anything in 2011 when I landed.
I feel like I am in a bit of a pickle.
Please help me out....
I have a few questions:
1) What is the process & procedure of transferring big amounts of Cash into Canada from another country?
2) How will I transfer this in an easy way.. What is the procedure?
3) When I transfer the money ... would tax be deducted from the amount? If so, How much?
Would appreciate ALL help and advice I can get... Thanks in Advance.