Hi fellows,
I'm sure that the same question was asked before, but i still need some clarifications please.
I got my PR in July 2011 but i'm still not residing in Canada. Now i'm planning to move back to settle permanently.
I have one major concern, i'm selling my properties in my home countries and will be transferring huge amount of money to my Canadian bank account (~300,000 $). I will use this money to buy a condo in Canada.
Will there be any tax implications on this transferred amount?
Thanks
I'm sure that the same question was asked before, but i still need some clarifications please.
I got my PR in July 2011 but i'm still not residing in Canada. Now i'm planning to move back to settle permanently.
I have one major concern, i'm selling my properties in my home countries and will be transferring huge amount of money to my Canadian bank account (~300,000 $). I will use this money to buy a condo in Canada.
Will there be any tax implications on this transferred amount?
Thanks