Transfer above more than 10k$ from India to Canada

[alexsteward]

i need to transfer about 20K$ from my indian back account (from India) to Canada. Whats the best way to do it. I also have a Canadian bank account.

Do i need to pay any taxes if it is above 10 K$.

Please suggest the best way to transfer?

Thanks

 

[canuck_in_uk]

i need to transfer about 20K$ from my indian back account (from India) to Canada. Whats the best way to do it. I also have a Canadian bank account.

Do i need to pay any taxes if it is above 10 K$.

Please suggest the best way to transfer?

Thanks

Don't know about the best way to transfer, probably a wire transfer or n
online.

You don't have to pay taxes. Keep a record of the source of the funds.

 

[alexsteward]

Thanks

Don't know about the best way to transfer, probably a wire transfer or n
online.

You don't have to pay taxes. Keep a record of the source of the funds.

 

[perry001]

i need to transfer about 20K$ from my indian back account (from India) to Canada. Whats the best way to do it. I also have a Canadian bank account.

Do i need to pay any taxes if it is above 10 K$.

Please suggest the best way to transfer?

Thanks
What method you used to transfer money?