+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Transfer money from India

rish_ind

Full Member
Oct 31, 2012
35
1
Hello All,

Greetings.

Can someone suggest the best possible way to bring money from India to Canada?
I am asking a question for bigger amount to buy a house here and not asking for a settlement fund for immigration purposes. :)
And what are the tax obligation?

Thanks
 

zardoz

VIP Member
Feb 2, 2013
13,347
2,152
Canada
Category........
FAM
Visa Office......
London
App. Filed.......
16-02-2013
VISA ISSUED...
31-07-2013
LANDED..........
09-11-2013
Hello All,

Greetings.

Can someone suggest the best possible way to bring money from India to Canada?
I am asking a question for bigger amount to buy a house here and not asking for a settlement fund for immigration purposes. :)
And what are the tax obligation?

Thanks
Wire transfer is probably the easiest way. No specific tax implications for a direct movement of cash as far as I am aware.
 

subodhp

Hero Member
Jun 19, 2019
873
147
Toronto
Hello All,

Greetings.

Can someone suggest the best possible way to bring money from India to Canada?
I am asking a question for bigger amount to buy a house here and not asking for a settlement fund for immigration purposes. :)
And what are the tax obligation?

Thanks
No tax implications on your wealth
Folks do wire transfer unless they have an account in Canada already
Also look at transferwise
 

Gsk47

Full Member
Nov 8, 2019
22
5
AOR Received.
9th july, 2019
Med's Done....
08-2019
Hey Rish_Ind
I am in same situation and need to transfer big amount from India to Canada for buying house. I am moving on PR to canada
Can you please suggest based on your experience
Thanks
Gursharanjit