I soft-landed in October 2022, stayed a few days and came back to my home country.
I am going to settle in Canada this summer and I am now planning transferring my asset to Canada. Since I worked in Canada during 2017-2019, I do have a bank account in Canada. The asset will be around C$300K. I am sure this money is not subject to tax by CRA. If I bank transfer this sum of money, perhaps in 2-3 batches, will it cause alarm to CRA or FINTRAC?
I would appreciate if anyone with personal experience to share insight for me about how large money transfer
Many thanks
I am going to settle in Canada this summer and I am now planning transferring my asset to Canada. Since I worked in Canada during 2017-2019, I do have a bank account in Canada. The asset will be around C$300K. I am sure this money is not subject to tax by CRA. If I bank transfer this sum of money, perhaps in 2-3 batches, will it cause alarm to CRA or FINTRAC?
I would appreciate if anyone with personal experience to share insight for me about how large money transfer
Many thanks