Posted on: 27-01-05 02:14:44
Hi!
I have a question on the funds you can bring in after you land and become a PR. If one would like to bring an equivalent of CAD 15,000, do I need to declare this before I come in or at the airport or while getting a PR. Will I be taxed if they consider it as an income after becoming a PR? Also we would not be bringing my wife's jewellery with us now, but shall follow later. Do we have to get the valuation certificates now as a part of the goods to follow list or can they follow with the jewellery later on? And who has to bring in this jewelery? Can a relative ( Mother or in-laws) who come on a visitor visa get it?
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Hi Minipapa,
You got to declare in your list of assets to follow about the amount you intend to bring later, as regards your jwellery u need to get the photographs with valuation certificate of the jwellery u intend to bring at a later date included in the lists of items to follow.
As regards bringing the same by your Mother-in-law , I am not really sure if she can bring with a copy of the list to follow u have obtained while u were entering , u got to check it on this issue.
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mor
Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.
Hi Mimipapa,
When you arrive at a Canadian airport for the first time, you may be asked to prove that you have funds to support yourself and your family for a few months in Canada. The funds you need to demonstrate can be in the form of cash or bankers cheque (demand draft) or already deposited in a Canadian bank. It is an offence not to declare an amount greater than CAD 10,000 when you enter Canada.
Lookup: http://www.cic.gc.ca/english/skilled/qual-4.html
Regards - ezrider
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Regards - ezrider
What I wanted to know was about the money you can bring in at a later date. I have some investments in property and business and can/will bring at a later date if everything works out fine in Canada. The initial funds are fine and I know anything over 10000$ has to be declared.
Anyone who has experienced thia can help me?
Also what about the experiences at the Mumbai airport ? Do the officials ask for Income tax clearace certificates or would attested copies ( signed by a CA) of the returns for the last few years suffice. And do we also need to carry the latest PCC ?
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Quote:
Orginally posted by mimipapa
What I wanted to know was about the money you can bring in at a later date. I have some investments in property and business and can/will bring at a later date if everything works out fine in Canada. The initial funds are fine and I know anything over 10000$ has to be declared.
Anyone who has experienced thia can help me?
Also what about the experiences at the Mumbai airport ? Do the officials ask for Income tax clearace certificates or would attested copies ( signed by a CA) of the returns for the last few years suffice. And do we also need to carry the latest PCC ?
I would like to ask, if at the time of first entry on ur PR visa you get $100000 instead of minimum requirement, are Canadian immigration service going to tax you. If not then what difference does that make if I get rest of money in Canada after settlement.
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Try overtaking child's imagination
HI MIMIPAPA,
At the mumbai airport , they are not asking anything related to IT, although I had kept my returns copies and Pan card with me , they did not ask any thing , and for your information the law of income tax clearance certificate is done away with from last 2-3 yrs, u can check with you CA too. IT Dept is not issuing any such certificates , u can bring all the money you r declaring at thie time of your entry, it may be carried along with you or u can bring it at a later date, but you have to declare it in the list of items to bring it later, and supporting documents reflecting the assets you declare you intend to bring later
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mor
Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.
Quote:
Orginally posted by peacock1
HI MIMIPAPA,
At the mumbai airport , they are not asking anything related to IT, although I had kept my returns copies and Pan card with me , they did not ask any thing , and for your information the law of income tax clearance certificate is done away with from last 2-3 yrs, u can check with you CA too. IT Dept is not issuing any such certificates , u can bring all the money you r declaring at thie time of your entry, it may be carried along with you or u can bring it at a later date, but you have to declare it in the list of items to bring it later, and supporting documents reflecting the assets you declare you intend to bring later
when did you leave ?
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