Me & my wife landed in Canada on April 19...wasn't much of a hassle at the Pearson Airport, it took around 70 minutes for all the formalities to complete.
I have a few questions that bother me now...
1) The minimum settlement fund for two i.e. CA$ 15300 is in my ICICI Bank account in India. What should I do with it now? Can I transfer it to my TD Canada Chequing account..without any tax implications, other legal obligations?
2) If i want to transfer some amount of money to my father/friend/relatives in India through internet banking...can I do it? Is it legal? Will I have to report that now or in the future to Canadian authorities?
I know this is a lot of queries in one..but I seek this answers from experienced PRs who are settled in Canada for years now and have faced similar situation.
Thank you in Advance.
I have a few questions that bother me now...
1) The minimum settlement fund for two i.e. CA$ 15300 is in my ICICI Bank account in India. What should I do with it now? Can I transfer it to my TD Canada Chequing account..without any tax implications, other legal obligations?
2) If i want to transfer some amount of money to my father/friend/relatives in India through internet banking...can I do it? Is it legal? Will I have to report that now or in the future to Canadian authorities?
I know this is a lot of queries in one..but I seek this answers from experienced PRs who are settled in Canada for years now and have faced similar situation.
Thank you in Advance.
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