Hi folks,
Thanks for your help on this forum. I look forward to your advice:
I plan to land in Vancouver in a week's time. I'm working on the goods-to-follow list and getting cashier's checks for settlement funds.
My concerns are:
1) From a tax point of view, is it good to show more or less (value) in the goods to follow list ? and why ?
2) For settlement funds, is it a good idea to show MORE funds available in the bank at the time of landing ? let's say if I show a part of my savings as being brought into Canada, then go out of Canada for a year and then return, can I bring in more funds later without having a problem ? what is more desirable from a tax point of view, if there IS an impact on taxes ?
Please help. I would appreciate any advice on this.
Thanks....
Thanks for your help on this forum. I look forward to your advice:
I plan to land in Vancouver in a week's time. I'm working on the goods-to-follow list and getting cashier's checks for settlement funds.
My concerns are:
1) From a tax point of view, is it good to show more or less (value) in the goods to follow list ? and why ?
2) For settlement funds, is it a good idea to show MORE funds available in the bank at the time of landing ? let's say if I show a part of my savings as being brought into Canada, then go out of Canada for a year and then return, can I bring in more funds later without having a problem ? what is more desirable from a tax point of view, if there IS an impact on taxes ?
Please help. I would appreciate any advice on this.
Thanks....