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India Discussions

Foreign Indicia - CRS & FATCA declaration . Should I say Yes or No ?

goldeneye: I have been asked the same as well. if we do not respond they will mark our accounts un documented it seems
MITRON: I guess NO should be the answer. Am I right ?
MITRON: So I have been asked for the CRS declaration by Indian bank for NRO/NRE accounts. There is a question regarding "Foreign Indicia" - Yes or No ?? The question preceding that is, Are you

Sell Property with Aadhar Card being required

Smiley: Great link .. Thanks
Many: 20% plus some small cess.
Smiley: Do you know what the TDS rate is for an NRI ?
Many: It helps to have a real-estate agent to execute a sell-buy transaction. He takes care of all required formalities for a consideration of course(commission). Yes there is TDS for an NRI (Mumbai experience)
Smiley: Thanks for your Info I need to sell and not buy ...
Full House: Here is what I heard today. So, please verify the same as soon as you can. Reason is.: That the Real estate Transaction is an illquid asset with low yields and high cost of sales transaction. It is not so easy to find a buyer.

RRSP after returning to India

Full House: It is always a privilege to be of service to you. Hope it helps you a little bit. Now taking into account that the interest that you pay there for Principal borrowed, you will do better by just taking
goingbacksoon: I am a Canadian with OCI status. I will be leaving for good in a few years. I will be returning in my 40s so I assume the age related deductions you referred to won't apply. I expect I will need to withdraw my RRSP amount (could be close to 75K) within an year of arrival to buy a property.
Full House: I know that you are an NRI. Are you a Canadian Citizen with an OCI Card? Are you leaving Canada for Good or just moving out for Six/Seven months of the year like the SNOWBIRDS do. Knowing that you are
goingbacksoon: Thanks for your advice. I also looked at the avenue of finding an accountant, who deals with such things but an hour of google search didn't lead me anywhere. I think it confirms your statement that it

All we need to know about NRE / NRO Account

Full House: We all get hammered now and then..: Here is a Bolt from the Blue (Or is it from the Blacks?) "LONG TERM CAPITAL GAINS EXCEEDING RS 1 LAKH WILL BE TAXED AT 10% WITHOUT INDEXING " Read more
ChandraGupt: LINK in my case I have few Fixed Deposits(in rupees) & planning to sell my Mutual funds in India(in rupees) so can't convert ordinary account to NRE , only option is
MITRON: If you are sending money from Canada to India in CAD $ i.e foreign exchange coming in from abroad, NRE is better. On NRE there No tax, No TDS, No need to file a return to get TDS back with Indian IT,
ChandraGupt: I think NRO account is better for OCI card holders like me (as per my situations)..


Latest Replies

Need clarification about immigration.

Many: Yes "Teaching" hugely dominated by whites in higher study institutions. Mitron put it well.
MITRON: You can try for positions as a " Lecturer " in various colleges & also private institutions or even Universities. You won't need Ph.D. for that. But even those jobs are hard to get. Lot of Union related stuff in Colleges, Universities & High Schools in Canada. These are well paying jobs,
San12: Ok.... Thank you:)
cdn_dude: - "other jobs" is all you can count on - because you need to have a Ph.D. degree even to qualify to apply for a Professor's position.
MITRON: " Canadian Experience " and " Canadian Education " , wherever you go they will ask for that. They don't care about Indian experience & education over here, however good it might be.
San12: As I have master degree in Commerce I am flexible with other jobs also.

G2 expired

Many: Some insurance companies will not charge any fees for addition of a second driver, if that person holds a full G for a year or so
Full House: Once a license expires, you lose the status and also the continuity. Under this condition you must obtain an International Drivers Permit to keep up with the continuity if you are away from your normal residence. Also, when you add a second driver to the policy, they will charge whatever it calls for and it could range between 40 to 80 dollars or more, over and above what you pay as your premium.
Panasonic: Hi guys, My wife got her G2 licence in 2010 , her G2 licence was expired because we are in back home at the time of renewal. She has to give G1 again G2. She passed G1 in 2015 and got her G2 licence last year. When I added her name last year they increased my premium $70 more they said your wife has G2 licence and no experience of driving.


Race 2the_basement: The kind of love and respect we think we should get, is there only in bollywood movies. In relationship mostly one partner is a dumb ass. it takes time to discover it. Earlier men used to get the blame, but it becomes clear with women empowerment now women are also no less. Marriage is dysfunctional social requirement already on its way out.
Full House: This happened to you, DID IT? Well, sorry to hear about it. Hope you get over it. FH. LINK LINK "So only come here if you have a Happy Married Life.. All the best!!
shijyj: Just a warning folks - for whosoever it applies: (From someone who has specialized in Canadian Family Law, and most people coming to Canada don't know that): Canada has TERRIBLE "Family laws" and legal system, totally gender biased towards women. If you ever get into trouble in Canada with your spouse, REST OF YOUR LIFE WILL BE MISERABLE...

PR or Open Work Permit

Full House: If and when you get a great score through IELTS you can enter easily through the Express Entry system within a year. That Visa is for PR Status. You need to pass a Medical Exam also. You need to pay the fees and it will also cost an Entry Visa fee. If you get called for and they request you to apply, then you can wait for a few extra months if needed to enter and then get married soon after that.
ritesharma2001: Hello, I am currently doing my Masters in Hong Kong and will finish in next 2 months. My fiance is studying in Vancouver & we are getting married in Jan 2019. She has a valid study visa till JAN 2020. Now I would like to know the fastest and legal way to arrive in Canada. Thorugh my research I found few options but not sure which one to apply 1.

Greater Toronto Area: Where to rent apartment/condo

Fido: Sheppard Yonge : Newer area. Smaller condos/ apartments Better schools Less Indian stores More urban - Kipling / Islington Bigger apartments More mature neigborhood Proximity to Mississauga / Brampton -Desi hotspots Not sure about schools. Hard to say which one has more jobs between Mississauga / North York..
Full House: 1) Down Town 2) North York. 3) Islington-Kipling Got That. Now to the nitty-gritty. What do you need as Infrastructure, speed, quantum? Then the area for occupancy. 1BHK, 2BHK Or larger area to conduct your operation plus additional space to store your personal belongings too. The budget in CAD,
mayank2711: Hello All, We are moving from USA to Canada and trying to figure out where to rent apt/condo in GTA. We are both IT professionals ( Big Data and QA) would mostly be working as IT contractors. Not looking for Full time jobs for first few years in Canada. We would like to cover 2 areas with most IT jobs.

Newest Posts

Diamonds. Edit - 2

Full House: I wish to compare all of the newcomers into Canada to a diamond in the rough. The reason being, they all have stood up and helped others in their own way and currently shine bright like a diamond. Now we enter into... The age of Prosperity. Why the Albatross .. Nothing symbolizes this pioneering spirit like that of the albatross. These birds travel very long distances around the world, undauntedly, all while maintaining a special connection to their place of birth. Their life is a journey worthy of noting and comparison. Being constantly on the move, albatrosses use their formidable wingspan to cross oceans and fly for hours without rest. When they do land, they do behave like sociable creatures that enjoy the company of others. Like all of the desi's here, Albatrosses also have to face the challenges of an itinerant lifestyle.

HOLD the rate CARNEY.B.O.E.

Full House: Bank of England governor Mark Carney defends leaving interest rates on hold again - business live. Britains central bank has left borrowing costs unchanged, and predicted that the slowdown in economic growth this year is temporary Latest: Carney holds Press Conference BREAKING: BoE leaves borrowing costs unchanged 2018 growth slashed LIVE Updated 11m ago U TUBE..: It is a large data and takes a few minutes to Load. So, be patient. LINK NJOY Watching.: FH.

'Silver Linings Playbook' - cloudy yet shines

Candor-International: Yes, it is

Looking for a condo management co in Scarborough

abdulpatel: Hi All We have a small condo corporation with about 17 townhouse units and are looking for a condo management co who will complete the accounting, change in ownership and general upkeep of the common elements of our complex. The townhouse itself are freehold. so not much of that maintenance. If anyone knows of such a management company please let me know Thanks Abdul

DO I? I wana go home.!

Full House: The destinations that scored the best were all far more affordable than the U.S. For example, the cost of living in India was just 27.65 on its scale, with New York City being 100, which means India is more than 70 percent less expensive. The extremely low cost of living was one of the factors that propelled the South Asian country to the No. 1 spot. In addition to the ability to stretch a dollar, many of these locations also promise both modern-day adventure and ancient history. For once I feel good, because it is a place that stood to be the top most in the search. Hope it stays that way for ever. Jai Hind. FH. LINK LINK

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