Hi sinestra,
Indeed, I was having these questions in my mind one of these days. Following are a few links that I stored during my previous "google search n' self-learn session". I got bored in the middle and left it half-way. Of course I will have revisit this topic and conclude it for myself later. :
http://nriinformation.com/faq1/question101.htm
http://www.canadavisa.com/canada-immigration-discussion-board/transferring-money-from-india-from-sale-of-inherited-property-t45120.0.html
http://www.canadavisa.com/canada-immigration-discussion-board/selling-property-in-india-and-moving-the-money-to-canada-t43661.0.html
http://www.canadavisa.com/canada-immigration-discussion-board/coming-to-canada-as-a-prbringing-money-time-or-amount-limit-t138137.0.html
http://www.canadavisa.com/canada-immigration-discussion-board/tax-on-money-brought-into-canada-t14837.0.html
http://www.canadavisa.com/canada-immigration-discussion-board/nri-deposits-in-india-and-canadian-tax-t136223.15.html
http://www.canadavisa.com/canada-immigration-discussion-board/tax-on-money-transferred-to-canada-t142281.0.html