bringing indian savings after landing


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chiclets   
Member since: Sep 10
Posts: 18
Location: Victoria

Post ID: #PID Posted on: 12-10-10 21:12:19

Hi guys,

I did an internal landing (was on work visa already when I got my PR) and since I already had sufficient funds in terms of canadian salary I did not declare that I'll be bringing funds from India.

I'll be visiting India soon and I've some tax-paid money in saving accounts and life insurance that I want to bring into Canada for the purpose of buying a house. How do I do it legally? Should I contact canadian borders agency and try to get an NOC from them. If its less than 20K CAD, can I bring it as cash (me+wife) and than deposit in my bank account. I don't want to me taxed again.

Please help!





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