Hi,

If I am receiving around 10 to 15K dollars from India from my family - is their any issue in terms of income tax etc or canadian government?

Thanks

You can be asked to prove the source of funds. Be prepared to do that.

Quote:

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Originally posted by Sam2007

Hi,

If I am receiving around 10 to 15K dollars from India from my family - is their any issue in terms of income tax etc or canadian government?

Thanks

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Check this discussion link. http://canadiandesi.ca/read.php?TID=17812

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>> Iceberg

Can you please elaborate more on this or direct me to a link?

Who will ask me to prove the source of the funds?


Their is no section in the CRA income tax declaration asking one to provide source of foreign funds?



>>JRF


The link contains interesting discussion for general purpose knowledge.

Nothing, however, on the Canadian side of whether someone will need some proof of source of funds etc


Does anybody else have an input ... this is an interesting post

Thanks