INDIAN PROPERTY DECLARATION & FUTURE MONEY TRANSFER


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boserabindranath   
Member since: Nov 06
Posts: 10
Location:

Post ID: #PID Posted on: 19-01-07 13:15:35

WE HAVE 2 APPARTMENTS IN INDIA. SHOULD WE HAVE TO DECLARE IT WHEN ENTERING CANADA? IF SO, WHERE AND TO WHOM SHOULD WE DECLARE? IS THERE ANY FORMS FOR DECLARE IT? WE HAVE REGISTERED DEED OF THE PROPERTIES. SHOULD WE CARRY ORIGINAL DEED? WE ARE PLANNING TO SELL THESE AND BRING THE MONEY IN CANADA IN FUTURE. PLEASE ADVICE.



Desi # 1   
Member since: Dec 03
Posts: 1420
Location: Mississauga

Post ID: #PID Posted on: 19-01-07 22:31:34

Quote:
Originally posted by boserabindranath

WE HAVE 2 APPARTMENTS IN INDIA. SHOULD WE HAVE TO DECLARE IT WHEN ENTERING CANADA? IF SO, WHERE AND TO WHOM SHOULD WE DECLARE? IS THERE ANY FORMS FOR DECLARE IT? WE HAVE REGISTERED DEED OF THE PROPERTIES. SHOULD WE CARRY ORIGINAL DEED? WE ARE PLANNING TO SELL THESE AND BRING THE MONEY IN CANADA IN FUTURE. PLEASE ADVICE.



You do not have to declare the property when you enter Canada. These are declared if you own the property over $100,000 that too in your income tax return.

There is no need to carry original deeds.

Regarding your money transfer, you can do it any time provided it done through legal means.





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