Hello everybody,
I did a big mistake when I landed in Canada last October 2011, I didn't know that I have to prepare a furniture list, an appraisal for my wife jewelry , and also I didn't know that I have to declare how much money I will transfer later other than the money I brought in when I landed coz I thought I would do wire transfer from my home bank without any problem, and both the immigration officer and custom officer in Toronto Pearson airport asked me only about the money I brought with me, no single question about any money will fallow.
Now I have a 12K CAD$ worth furniture, and 100K CAD$ worth Jewelry, in addition to more than 350K CAD Cash left in home country bank.
If the above amounts are taxable due to my ignorance this will be a huge loss especially that I earned all above before landing. any advice?
I did a big mistake when I landed in Canada last October 2011, I didn't know that I have to prepare a furniture list, an appraisal for my wife jewelry , and also I didn't know that I have to declare how much money I will transfer later other than the money I brought in when I landed coz I thought I would do wire transfer from my home bank without any problem, and both the immigration officer and custom officer in Toronto Pearson airport asked me only about the money I brought with me, no single question about any money will fallow.
Now I have a 12K CAD$ worth furniture, and 100K CAD$ worth Jewelry, in addition to more than 350K CAD Cash left in home country bank.
If the above amounts are taxable due to my ignorance this will be a huge loss especially that I earned all above before landing. any advice?