newyear said:
Hi Guys,,
Is there any form to declare ‘money to follow' at POE to get the tax free facility later on? This will be in addition the amount I'm carrying with me. Can I declare any amount, or there would be limitations? Will there be any limitations on time? Like, by when the amount should enter Canada etc.
Actually I am not sure about how much money I can bring later on and when, but just want to get that ‘Tax Free Facility'. Thanks Zahid.
When your money is tax paid in your country, it is White and you can carry the money any where, it is tax free there. Like Bangladesh, if it's remitted from anywhere outside it's tax free, no one ever asks any questions, they are happy. The issue now a days is for different fundamentalist/ terrorist active groups after 9/11, they follow big money transfers internationally. That's why they want us to declare before hand, how much money is available to tansfer later on, and that's the form we filled for available fund with proofs.
virtually there is no limit I think. My sister lives there for last 3-4 years and my brother inlaw keeps on visiting, as they have 2clinics here in Dhaka. He earns here and sends money over there at Toronto, for last few years he has carried more than 80,000 CAD in different spells, has bought a business there even. So you can actually bring your legal money over there, should not be a problem, but it might be physically you, never through wire/ bank transfer. That's not possible, Bangladesh Bank does not permit. Best regards.