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You are not eligible for a health card until you move to Canada, and obtaining one prior to settling is illegal. Further, this is another secondary tie by which you are potentially subjecting yourself to income tax.

That's fine. You will be subject to tax on any interest earned on the account, but the rest of your income will not be taxed

So long as you don't establish ties to Canada (i.e., if you don't buy a house, if your family is not living in Canada, etc.), you will be a non-resident for tax purposes and will not have to pay any income tax on your Middle Eastern earnings.

You need to get your facts straight. to qualify for a 5% mortgage, you have to be living in Canada. The OP will obviously not be living in Canada, so he won't qualify for the CMHC insurance (required for the 5% down). For non-residents, the minimum down payment used to be 30% (or 35% for some...

OP means the Original Poster

Yes, you will be eligible. However, as a non-resident, you will have to put 50% down.

You won't be taxed on the money, but you can certainly expect an inquiry from the CRA on the funds transfer. Your bank may also ask you for the source of funds.

It is absolutely needed. Please stop disseminating false information.

1. No need to mention your home at landing. You will have to declare it each year on your tax returns if the value is greater than $100,000 2. No, there is no tax on proceeds brought into Canada. If you sell your house before landing, the only taxes that will be due are the capital gains taxes...

Yes, PR's are eligible. Depending on the source (government vs. public institution vs. private institution), the qualification factors will vary. But, you can safely assume they will review the business plan, forecasts, your credit score and your background.

Take a copy of the parking pass with you when you go to contest the ticket...they will waive the fine. The entire process should take 30 minutes or so.

Are you looking for a shipping agent from the Middle East, or someone in Canada to clear your customs for you? If it's the latter, the clearance process is very simple and can be done by yourself relatively quickly.

I think it's $100,000, not $10,000.

Only if you have some income. If you don't have any income, it doesn't really help you prove that you were in Canada.

Filing a zero income tax return will not help you one way or the other. For sponsoring your parents, you will need to show a minimum income level, which you can't do if you aren't residing in Canada. Once you move back to Canada, filing a tax return is no longer optional unless you don't have...

There is no public healthcare for pets.

You can open a business on your rental address, and then change it once you move

In the GTA, prices are still falling and will continue to do so for some time. Transaction volumes have cratered and sellers are desperately hoping for a recovery in September, which will not materialize. We are well past the peak, and now prices will continued to fall for the next couple of...

No, if you aren't living in Canada, and don't have any strong ties to Canada, then you don't have to pay tax here. Once you return, you will re-establish your residency and can start paying tax on your global income. This will have no effect on your sponsorship application.

No, the funds transferred to Canada will not be subject to tax, even if they aren't declared at landing.