Hello All,
I have a slightly less common situation.
I will have to do a soft landing next month and claim my PR, then move back to the US immediately & might take a year to 18 months (due to family reasons, finances, etc) to move to Canada permanently .
I have a few questions , to try and avoid landing in some problem later. I'd appreciate your time taken in answering them or referring to some website or info out there.
1) I understand I have to fill in GTF & declare all my personal belongings , finances, etc. that I will be bringing to Canada later so that I won't be taxed on those .
I remember reading that the GTF(Goods to follow) form applies only for stuff & assets brought in to Canada within 12 months of the landing date.
Is that Correct ?
If that's the case, what would be the implications if I were to move 15-18 months after my landing date ?
2) Also, when it comes to finances, did everyone just sell all their Non-Canadian assets (shares , property, bonds, etc.) soon after immigrating ? That seems unlikely to me . What was your experience in selling those assets or transferring money to Canadian bank accounts a few years after "landing" in Canada ?
3) If you are undecided about which Province you will eventually live in , then is there any tax implications in landing in one province vs another , for soft landing ?
I do not plan to land in Quebec . I do not have a Provincial nomination . But I want to understand if it's better to land in say Calgary as opposed to Vancouver .
4) Do they not send physical SIN cards any more ?
5) Is it possible to open a bank account the day of landing after getting a SIN but not having a permanent Canadian address ? Or did you guys end up giving the address of a friend/family ?
Thanks !
I have a slightly less common situation.
I will have to do a soft landing next month and claim my PR, then move back to the US immediately & might take a year to 18 months (due to family reasons, finances, etc) to move to Canada permanently .
I have a few questions , to try and avoid landing in some problem later. I'd appreciate your time taken in answering them or referring to some website or info out there.
1) I understand I have to fill in GTF & declare all my personal belongings , finances, etc. that I will be bringing to Canada later so that I won't be taxed on those .
I remember reading that the GTF(Goods to follow) form applies only for stuff & assets brought in to Canada within 12 months of the landing date.
Is that Correct ?
If that's the case, what would be the implications if I were to move 15-18 months after my landing date ?
2) Also, when it comes to finances, did everyone just sell all their Non-Canadian assets (shares , property, bonds, etc.) soon after immigrating ? That seems unlikely to me . What was your experience in selling those assets or transferring money to Canadian bank accounts a few years after "landing" in Canada ?
3) If you are undecided about which Province you will eventually live in , then is there any tax implications in landing in one province vs another , for soft landing ?
I do not plan to land in Quebec . I do not have a Provincial nomination . But I want to understand if it's better to land in say Calgary as opposed to Vancouver .
4) Do they not send physical SIN cards any more ?
5) Is it possible to open a bank account the day of landing after getting a SIN but not having a permanent Canadian address ? Or did you guys end up giving the address of a friend/family ?
Thanks !