I am landing on 30 July with family, will stay there for 1 month and return back. I wil be permanently moving to Toronto in 1 year time.
In addition to the 2 lists of declaring the "goods accompanied" and "goods to follow" that we will have to submit at the time of landing, some people have advised me to also declare all my savings (bank balance, investment finds, cash, property etc) so that when I move permantly and transfer all that money to canada, I will not be taxed on that money.
Can you please tell me how to delcare those savings as the Form B4 E simply asks us to declare "goods" not funds/savings.
Moreover, will I be asked to provide a proof of all the savings that I declare e.g. bank balance, investment funds, property etc?
Thanks a lot
In addition to the 2 lists of declaring the "goods accompanied" and "goods to follow" that we will have to submit at the time of landing, some people have advised me to also declare all my savings (bank balance, investment finds, cash, property etc) so that when I move permantly and transfer all that money to canada, I will not be taxed on that money.
Can you please tell me how to delcare those savings as the Form B4 E simply asks us to declare "goods" not funds/savings.
Moreover, will I be asked to provide a proof of all the savings that I declare e.g. bank balance, investment funds, property etc?
Thanks a lot