Foreign wife transferring money to Canada after husband arrives 4 months earlier

[canuck_in_uk]

You can avoid capital gains on selling the house. Before you leave for Canada, just make your wife the sole house owner.

I believe CRA has rules to prevent this loophole.

Depending on where you are going in Canada, your wife probably won't qualify for health coverage until she is actually a PR.

Actually her wife can have provincial healthcare immediately if she makes home in Alberta.

Hence my use of the words "Depending" and "probably"....

 

[steaky]

I believe CRA has rules to prevent this loophole.

Can you give us the details? If none, there is no!

 

[canuck_in_uk]

Can you give us the details? If none, there is no!

No, I'm not going to spend my time trolling through CRA's website looking for the info. OP can research it himself.

 

[COPRQuestion]

Wasn't it already expensive to buy a home in HK? In Vancouver, you can buy one with bigger lot for similar price.

Haha, yes you're right buying in Hong Kong is expensive but that still doesn't mean I'd be happy to pay tax in Canada for a property I've sold here before moving there (that's if I do sell it)