Transfering the Funds from NRE account to Canada- TAX Related Query

[Kumar141]

Hi,

I got the PR on 2015 and i landed on the same year 2015 and stayed in Canada for a week and left Canada.
Now i returned to Canada to stay here for 2 years to retain my PR Status.
I have funds in my NRE account in india and i want to bring it to canada for buying the Home and other expenses.

Do i need to pay tax in Canada if i transfer the money from my NRE account to Canada Bank account ? How it will work ?

Please provide the best way to do this without any Tax .. Thank you

 

[steaky]

No tax in Canada. I think you can wire the money to your Canadian account.

 

[Kumar141]

Thank you. So i can do wire transfer from my indian NRE account to Canadian Bank Account. Is there any limit on it ?

 

[steaky]

I think there is a limit imposed by India. You will have to check with your bank.