Sure, you can bring more funds into Canada from India. Principal amount is not taxable. Only taxable for income generated in Canada and if you resident for tax purposes, you are taxable for your world-wide income as well.
At the POE, if you are bringing more than $10,000, remember to declare it on the form!
At the POE, if you are bringing more than $10,000, remember to declare it on the form!
penpal said:Qorax Ji,
How are you.
My family has joined me for good in canada ,this week.
My question:
Can i bring further funds into Canada by transferring money from Indai.If yes, then, is this principal amount taxable or only the income generated in Canada out of the principal amount is taxable.
Pls clarify.
Thanks