Hi folks,
I ran into a dilemma and hoped to find someone who had a similar situation to give me some leads on how to proceed.
So my family and I became permanent residents in July of last year, we did a soft landing where we stayed for just 12 days during which we got bank accounts and SIN.
I was in touch with an agent from a tax clinic who helped us establish that we were non-residents over the past year.
We moved back to Canada last week to finally settle down. The worry I have now is about taxation over the assets that we want to bring into the country.
Are we still eligible to bring our money without being taxed? I asked a CPA, the agent from the tax clinic as well as my bank and none seems to know the answer to that. We're in a difficult situation since the little cash we brought we us began depleting and we don't have enough funds to rent a house.
Thank you
I ran into a dilemma and hoped to find someone who had a similar situation to give me some leads on how to proceed.
So my family and I became permanent residents in July of last year, we did a soft landing where we stayed for just 12 days during which we got bank accounts and SIN.
I was in touch with an agent from a tax clinic who helped us establish that we were non-residents over the past year.
We moved back to Canada last week to finally settle down. The worry I have now is about taxation over the assets that we want to bring into the country.
Are we still eligible to bring our money without being taxed? I asked a CPA, the agent from the tax clinic as well as my bank and none seems to know the answer to that. We're in a difficult situation since the little cash we brought we us began depleting and we don't have enough funds to rent a house.
Thank you
