Remitting from from the Middle East

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new2007
Member since: May 07

Posts: 79
Location: GTA
Post ID: #PID

Posted on: 18-08-09 10:50:57

Hi

If my husband remitts funds from the middleast, do I have to pay any taxes on that amount?

Pls advise

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Thank you

ftfl
Member since: Jul 06

Posts: 2335
Location:
Post ID: #PID

Posted on: 18-08-09 15:46:17

Quote:
Originally posted by new2007

Hi

If my husband remitts funds from the middleast, do I have to pay any taxes on that amount?

Pls advise

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Any remittances that are being made by your spouse from the Middle East is free and non taxable in your hands, here in Canada.

Freddie.

john26
Member since: Jan 07

Posts: 167
Location: Calgary
Post ID: #PID

Posted on: 19-08-09 15:47:00

How about if I remit to myself from India. Will it be taxed.

G13
Member since: Jul 06

Posts: 602
Location: Amidst a glow in the sky.
Post ID: #PID

Posted on: 19-08-09 15:51:44

Quote:
Originally posted by ftfl

Quote:
Originally posted by new2007

Hi

If my husband remitts funds from the middleast, do I have to pay any taxes on that amount?

Pls advise

------------------------------------------------------------------------------------------

Any remittances that are being made by your spouse from the Middle East is free and non taxable in your hands, here in Canada.

Freddie.

According to my knowledge, yes it is not taxed when received, but when shown as an income at the end of the year will attract taxes.

I make the above statement on the assumption that the spouse in Middle East is also a PR / Canadian. Otherwise it can be sent as gift money which will not be considered as income. Thoughts?

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Fido
Member since: Aug 06

Posts: 5286
Location: Canada
Post ID: #PID

Posted on: 19-08-09 16:13:48

Even then , it will not be taxable for the OP .

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Fido.

new2007
Member since: May 07

Posts: 79
Location: GTA
Post ID: #PID

Posted on: 20-08-09 09:05:36

So when we file our tax returns do we have to declare this as "Income" ?
Will there be a question as to where this money is generated from and if you have no income in canada how are you surviving?

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Thank you

john26
Member since: Jan 07

Posts: 167
Location: Calgary
Post ID: #PID

Posted on: 20-08-09 09:06:45

But what happen if we decide to transfer money later (not bring in when landing). Is it taxable?

Contributors: ftfl(3) new2007(2) john26(2) gautam0597(1) G13(1) Fido(1)

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