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Tax on Savings from Home Country - After Landing
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mosalah Posts: 2
Posted On: 2/23/2018
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Hello,
I did my landing back in May 2015 and didn't bring my savings back then from my home country, so the question here can I bring it now without paying tax for that?
what proof needed that it was earned before becoming a PR? is the financial report issued during my immigration process acceptable as a proof?
P.S: I did my 2015 & 2016 tax return as zero income as I didn't work here without including my previous savings.
for 2017 I was not residing in Canada so planning to do it as a non-resident
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Barron Posts: 7
Posted On: 2/28/2018
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This site may be able to help you figure out what you need to do. There are a few people in that thread with similar situations and various links that should lead you to helpful resources. I particularly found the bit about how vague residence status can be in these situations to be something worth looking into.
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