Asset Declaration when Landing

[MoeS]

Hi guys, this is probably a repeated question but I couldn't find any answers in other forums. I was wondering if anyone can direct me towards the right spot or answer. I sponsored my parents and they finally got issued with their COPR and permanent residency visas. They are getting prepared for the landing and I would like to know what are the steps into declaring the personal assets? (Assets like properties, jewelry etc.)

How do you do it?

Appreciated!

 

[torontosm]

Hi guys, this is probably a repeated question but I couldn't find any answers in other forums. I was wondering if anyone can direct me towards the right spot or answer. I sponsored my parents and they finally got issued with their COPR and permanent residency visas. They are getting prepared for the landing and I would like to know what are the steps into declaring the personal assets? (Assets like properties, jewelry etc.)

How do you do it?

Appreciated!

They don't need to declare their property or any assets they are not bringing with them upon landing. They can declare property upon filing their tax returns.

For jewelry and other accompanying goods, there is a form to fill out, and plenty of information available on this forum.

 

[MoeS]

They don't need to declare their property or any assets they are not bringing with them upon landing. They can declare property upon filing their tax returns.

For jewelry and other accompanying goods, there is a form to fill out, and plenty of information available on this forum.

Thanks for the response. Any chance you might have the link to where the information is on this forum? or any keyword to search....trust me I tried a couple of times and didn't get a result. And I end up starting a new conversation here.

Thanks.

 

[torontosm]

Thanks for the response. Any chance you might have the link to where the information is on this forum? or any keyword to search....trust me I tried a couple of times and didn't get a result. And I end up starting a new conversation here.

Thanks.

Here's a link to the form that your parents will need to complete. For jewelry, it's recommended that they take photos of each piece as well, as these will be stamped upon landing and then they can carry their jewelry in/out of Canada without fear of being taxed on it in the future.

https://www.cbsa-asfc.gc.ca/publications/forms-formulaires/bsf186-eng.pdf

 

[MoeS]

Here's a link to the form that your parents will need to complete. For jewelry, it's recommended that they take photos of each piece as well, as these will be stamped upon landing and then they can carry their jewelry in/out of Canada without fear of being taxed on it in the future.

https://www.cbsa-asfc.gc.ca/publications/forms-formulaires/bsf186-eng.pdf

Thanks a lot.