Funds Regarding...


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desertfox   
Member since: Jul 05
Posts: 133
Location: Toronto

Post ID: #PID Posted on: 02-07-06 09:35:59

Dear Freinds,

I'm planning to land in Canada and spend 3 - 4 weeks there before leaving the country. I'm then planning to re enter the country later after 2 year and then wish to live there for ever. I have few questions related to Proof of Fund.Please let me have your sincere advice and feedback on the same.,

- I have a property in India which I'm planning to dispose and bring the capital with me to Canada later on while coming there on a permanent basis. So is it possible that I show the required fund of CAD 16000 only now while entering and then bring this amount later?

- Will this amount attract any tax if brought later on?

- Is it legally possible for me to bring the amount from India later on?

- Is there any restriction for a new immigrant that he should only carry certain amount of money with him while entering Canada?

Please suggest and advice.

Thanks





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