Posted on: 30-01-11 12:02:27
I'm planning to move permanently to Canada, so when I transfer my funds to Canada, will it be taxable even when it is more than what I have stated back in my immigration form?
Quote:No.
Originally posted by c2008
I'm planning to move permanently to Canada, so when I transfer my funds to Canada, will it be taxable even when it is more than what I have stated back in my immigration form?
But any income earned from that amount such as bank interest will be taxable the following year.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
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