I would like to ask one quick question. I have the visa stamped and not landed yet to Canada. My planned landing date is June 2017 as Permanent resident. I have some inherited asset like land and building in India ( home country) . That I am planning to dispose of in 2020 ( after three years of landing ).
1. The disposed proceeds , is it possible to transfer to my bank account in Canada in 2020 without any tax ?
2. Should I declaring anything at the time of landing ( in June 2017) the value of the fixed assets that I own in the home country ? I saw two forms like the things with me at the time of landing and the things that follow .. But nothing mention about the expected Cash that follow in a future date.
Please advice.... Thanks in Advance.
1. The disposed proceeds , is it possible to transfer to my bank account in Canada in 2020 without any tax ?
2. Should I declaring anything at the time of landing ( in June 2017) the value of the fixed assets that I own in the home country ? I saw two forms like the things with me at the time of landing and the things that follow .. But nothing mention about the expected Cash that follow in a future date.
Please advice.... Thanks in Advance.