Hello
Are there any tax implications when moving GBP from England to Canada? I moved to Canada from England in January 2013 and got my PR in May 2016. The money was sitting in my UK bank and I moved it over to Canada in September 2016 (without converting it to CAD). I received a form from my UK bank yesterday asking for my social security number and some other info to determine where I am a tax resident and it made me think about the money I moved.
I'm not sure at what point I became a tax resident of Canada so any other info on that and possible implications would be greatly appreciated.
Thanks
LB
Are there any tax implications when moving GBP from England to Canada? I moved to Canada from England in January 2013 and got my PR in May 2016. The money was sitting in my UK bank and I moved it over to Canada in September 2016 (without converting it to CAD). I received a form from my UK bank yesterday asking for my social security number and some other info to determine where I am a tax resident and it made me think about the money I moved.
I'm not sure at what point I became a tax resident of Canada so any other info on that and possible implications would be greatly appreciated.
Thanks
LB