Bringing in Money after immigration


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BlueLobster   
Member since: Oct 02
Posts: 3409
Location: Mississauga

Post ID: #PID Posted on: 09-02-06 22:58:51

Agreed! Totally out of line and just outright stupid.

I warned him before as well and he's been banned.


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lana2005   
Member since: Feb 06
Posts: 545
Location: Toronto

Post ID: #PID Posted on: 10-02-06 09:21:52

Quote:
Orginally posted by BlueLobster

Agreed! Totally out of line and just outright stupid.

I warned him before as well and he's been banned.



Thank you very much. I am no feminist but what he writes is totally insulting to all women.



star3000   
Member since: Jul 05
Posts: 6
Location:

Post ID: #PID Posted on: 10-02-06 11:27:53

Friends,

I have seen many postings of Chandresh and find them to be quite responsible, informative and useful for newcomers like me and probably thousands of others who look upon this wonderful website for guidance/ advise/ info.

In case any member had knowingly or unknowingly responded with info that is not factually correct then there is no harm in exposing such persons just to ensure the integrity and usefuleness of this website.

Loose generic comments like know all south indians just shows that some of our desis never seem to outgrow their mentality no matter where they go and how much they age in time.

For God's sake, let's rise above these attitudes.

Chandreshjee - Please continue with your useful and knowledgeble postings no matter the provocations of some.



Manasvi   
Member since: Sep 03
Posts: 733
Location: Bahrain

Post ID: #PID Posted on: 12-02-06 03:03:03

Question - Suppose

Sm1 inherits property which was not disclosed while migrating . And he wishes 2 bring the proceeds of sale of such propoerty 2 Canada .

Where does he have 2 pay taxes : in India or in Canada and did he need 2 declare property he "did not " own at time of landing ??


Regds ,

Manasvi .



faisal   
Member since: May 04
Posts: 661
Location: in the heart of Mrs Saga

Post ID: #PID Posted on: 12-02-06 03:35:55

Quote:
Orginally posted by Manasvi

Question - Suppose

Sm1 inherits property which was not disclosed while migrating . And he wishes 2 bring the proceeds of sale of such propoerty 2 Canada .


Manasvi .



I did a research last year on this topic (in the CCRA website) and found out that the receiving end does not have to pay any taxes (in Canada) on gifts and inheritances from relatives / family members. I dont have the references at moment.


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faisal   
Member since: May 04
Posts: 661
Location: in the heart of Mrs Saga

Post ID: #PID Posted on: 12-02-06 03:51:53

Quote:
Orginally posted by Manasvi

Question - Suppose

Sm1 inherits property which was not disclosed while migrating . And he wishes 2 bring the proceeds of sale of such propoerty 2 Canada .

Where does he have 2 pay taxes : in India or in Canada and did he need 2 declare property he "did not " own at time of landing ??


Regds ,

Manasvi .



Check this too:

http://www.canadiandesi.com/read.php?TID=7093


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Manasvi   
Member since: Sep 03
Posts: 733
Location: Bahrain

Post ID: #PID Posted on: 13-02-06 01:48:18

Thanks Faisal ,

It cleared my doubts .

Pardon my anxiety but scenario 2 :

Suppose I have a house in India which I procured for INR 25 lacs (INR 15 lacs on paper ) and after 02 years I sell it off for INR 35 lacs (INR 20 lacs on paper ).

I have 2 get INR 35 lacs out of India .......... How do I manage this and how much am I liable for Capital Gains and to whom ??

Experts , please advise .

Manasvi.





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