Hi,
My mother recently received approval for her PGP PR and virtually landed as she was already in Canada at the time. Now, she wishes to transfer funds from her overseas accounts to her Canadian account. How much can she potentially bring in hand if she returns to her home country and flies back into Canada?
Can she safely declare large sums of money without being subjected to taxation? Does she need to submit some sort of a declaration at the Customs before she exits Canada?
Your responses on this matter would be greatly appreciated, as always! Thanks!
My mother recently received approval for her PGP PR and virtually landed as she was already in Canada at the time. Now, she wishes to transfer funds from her overseas accounts to her Canadian account. How much can she potentially bring in hand if she returns to her home country and flies back into Canada?
Can she safely declare large sums of money without being subjected to taxation? Does she need to submit some sort of a declaration at the Customs before she exits Canada?
Your responses on this matter would be greatly appreciated, as always! Thanks!