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How can I bring funds from a country that has currency restrictions for landing?

realcheese

Member
Sep 10, 2013
14
0
My home country has currency amount restriction for wiring funds to foreign country per year. As a result, I can't bring all funds to Canada at my first landing. Can bring them in portions in 1 to 2years? Will it be a taxation issue with CRA? How can I report these funds
to Canada as my assets instead of mistaken annual income later on?
 

steaky

VIP Member
Nov 11, 2008
14,792
1,761
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When you file your annual income tax return, you will have to declare your assets outside Canada.