bringing money 4 the second time

[Loulou79]

Hi All,

When I landed I brought more than CAD 10,000. Now i'm going to live there can I bring more than CAD 10,000? will I pay taxes If the bank draft is iisued from the UAE?

Thanks

 

[steaky]

It depends. If the money is income, then you have to pay income tax. Otherwise, it's tax free.

 

[Loulou79]

It depends. If the money is income, then you have to pay income tax. Otherwise, it's tax free.

Even if its income earned by working outside Canada and not 4 a Canadian company?

What about if my family sends me money via western union every month? do they charge me any taxes when I receive the money?

 

[steaky]

Even if its income earned by working outside Canada and not 4 a Canadian company?

Again it depends whether or not you are a tax resident. If are non resident for tax purposes, your income derived from outside Canada, will not be taxed.

What about if my family sends me money via western union every month? do they charge me any taxes when I receive the money?

I think there is no taxes

 

[Loulou79]

Thanks MILLION Steaky. Read on other websites that gift money is not taxable.

 

[await]

I was looking for a similar topic and thanks for discussing it....

I am scheduled to do my landing in a few months. I will be returning as I have other work related matters to finalize before a permanent move. So I'm planing to dispose of all my assets and take all funds on a following visit. My main concern is whether this money would be taxed on any other visits done post landing?

Any advice would be greatly appreciated.
Many thanks