ffjr1405

all messages by user

5/31/2017
Topic: Bringing Funds to Canada When I Land

ffjr1405

Dear Team,

I am landing in Toronto with my family (Wife + Daughter) on June 3rd under the Federal Skilled Worker Category. I have a question on funds and other assets, appreciate If I can get some guidance.

1. I've opened a StartRight account and transferred funds into that account. The amount is as per the requirements in 'proof of funds'. The question that I have is for future transfer of funds, how and which form/s do I need to provide during landing? I have bank accounts in India and the UAE.

2. For immovable assets, such as property (apartment) back home in India, do I need to show evidence of the same? Also, what form should I be using for this purpose.

The reason for the questions is that I want to be transparent on what assets that I have so that in future, if I need to transfer the proceeds to Canada I am not taxed on the same.

Thanks in advance for your help.

Frank