Posted on: 11-08-07 04:44:21
Dear Friends
I got my Medicals and now within 2-3 months shall be getting my COPR in hand. I have few questions which am sure the experts and experienced folks here can help me in guiding to take right decision/action
Before listing down the questions I would like to highlight that I shall be landing in Toronto and shall be staying there for max a month to complete the initial formalities like stamping the PR, getting SIN and to have an overview of Canadian way of life. Later after a year or so, shall be moving permanently as I have some reasons to be back to my current country of residence.(UAE)
My questions are
1. On my first landing I know I have to show the minimum fund I need to bring in, but in the goods/items to follow list, how should I mention about the funds and the goods which I shall be bringing in later, as I am planning to buy some of the goods just before coming forever to Canada, but I do not have the price worth information for the same, and also how much fund I need to mention then, is it only what I have earned till date of getting PR ? OR probable funds which I may have before landing there for ever.
2. Will my income (earned out of Canada) after stamping the PR and getting SIN become taxable, if so how much percentage will be taxable, and how I should be paying my taxes, what will be the formalities to be done for this.
I do not wish (If there is a legal provision) to pay tax for the income I have not earned in Canada and also when I have not started living in Canada .
Recently a friend informed me that income earned out of Canada after getting PR if is more than 100K CAD, then the amount above 100K is only taxable under the Global income parameter, Is this true? OR is there any other rule or catch 22 situation.
3. Is it better to buy a Laptop from my current resident country or from Canada, especially interested to know in terms of price and quality?
4. In the initial period I shall be in Toronto unless I land up a job in any other city or province, I would like to know which area / wards I should be avoiding to stay in terms of crime counts or better avoid category, also which area has more public transport facilities and health care available.
5. How much is the total cost to get a driving license (I mean from start) and how much time does it take to get it, especially for a person who does not know driving.
"shall be staying there for max a month to complete the initial formalities
like stamping the PR, getting SIN".......
There is no stamping of PR in your passport, instead you have to apply for PR card.
Quote:
Originally posted by mapledreams
Dear Friends
I got my Medicals and now within 2-3 months shall be getting my COPR in hand. I have few questions which am sure the experts and experienced folks here can help me in guiding to take right decision/action
Before listing down the questions I would like to highlight that I shall be landing in Toronto and shall be staying there for max a month to complete the initial formalities like stamping the PR, getting SIN and to have an overview of Canadian way of life. Later after a year or so, shall be moving permanently as I have some reasons to be back to my current country of residence.(UAE)
My questions are
1. On my first landing I know I have to show the minimum fund I need to bring in, but in the goods/items to follow list, how should I mention about the funds and the goods which I shall be bringing in later, as I am planning to buy some of the goods just before coming forever to Canada, but I do not have the price worth information for the same, and also how much fund I need to mention then, is it only what I have earned till date of getting PR ? OR probable funds which I may have before landing there for ever.
<b>
Yes. Personally, I believe it is better to mention funds you will be bringing later. It does not have to be very accurate. That should cover any additional savings that you make in the next year. If you bring in less amount than what you have declared I don't think there is any harm. Similarly, your price for your goods just need to be a estimate. </b>
Quote:
2. Will my income (earned out of Canada) after stamping the PR and getting SIN become taxable, if so how much percentage will be taxable, and how I should be paying my taxes, what will be the formalities to be done for this.
<b>
If you just have a SIN card then you don't need to file a return nor pay any taxes. However if you establish a residence or open a bank account/credit cards then you would have to pay taxes and file a return. </b>
Quote:
I do not wish (If there is a legal provision) to pay tax for the income I have not earned in Canada and also when I have not started living in Canada .
Recently a friend informed me that income earned out of Canada after getting PR if is more than 100K CAD, then the amount above 100K is only taxable under the Global income parameter, Is this true? OR is there any other rule or catch 22 situation.
<b>
No idea about this one.. Yet to make a 100K a year salary:-)</b>
Quote:
3. Is it better to buy a Laptop from my current resident country or from Canada, especially interested to know in terms of price and quality?
<b>
I don't have any idea about prices in UAE. My suggestion is to buy a laptop when you need it and don't worry about prices/GTF, duties, etc. </b>
Quote:
4. In the initial period I shall be in Toronto unless I land up a job in any other city or province, I would like to know which area / wards I should be avoiding to stay in terms of crime counts or better avoid category, also which area has more public transport facilities and health care available.
<b>
I will leave it to the veterans to answer . Personally, I have heard a lot about Jane and Finch. I would probably avoid it late in the night, but after 4 months Toronto feels like a very safe place to me.</b>
Quote:
5. How much is the total cost to get a driving license (I mean from start) and how much time does it take to get it, especially for a person who does not know driving.
<b>
No idea, I had a US license which I exchanged.</b>
Tell me the name of five brothers of Pandav !!
1. Arjun
2. Ek Aur
3. Ek Aur
4. Ek Aur
5. Ek ka main naam bhool gaya ...
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Growing Old Is Mandatory ..Growing UP is Optional
Dear souvik_k
Thanks for your time and appreciate your inputs.
AshwaniG: I did not expect such irrelevant comments from a senior desi like you.(Member since: Jul 04) . If you don't want to answer or dont know about the things you have all the right to remain silent. Please do not waste the space of the forum and others time in reading the posts.
Dear friends,
I would highly appreciate more experienced and ready to guide mentality people put some more light on my questions or have different points other than / missed any point by souvik_k
Cheers!
Maplesdreams
Mapledreams
1. The goods to follow list need not be fully accurate, for the things you are planning to buy take an estimate but do put them on the list. I don't think one declares ones savings at the time of landing, one only shows the minimum funds as required for your landing, apart from that whatever savings you have (funds) you don't need to show. Do make a separate jewelry list though.
2. Please check the forum on this, I think if you are not planning to come soon a SIN is not needed, you can apply it on your permanent return. That way you'll not need to declare your worldwide income and tax hassle, but please confirm this from someone.
for pts 3, 4 and 5 I've no idea, I don't reside in Canada yet, hope others can help.
Jona
Jonav: Thanks for your time and response, appreciate that.
I kindly request other members who can guide me on my questions in point #2 and # 5.
Mapledreams
