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owing usd assets and now a PR in Canada

teddy2010

Newbie
Mar 1, 2014
3
0
Hi all... I am trying to find information on what to do with USA assets now that I am a PR in Canada. Anyone know of a great site that may help? I have a house in the USA and not sure what that means. Should I move it to my Moms name?
 

steaky

VIP Member
Nov 11, 2008
14,747
1,743
Job Offer........
Pre-Assessed..
Not necessary. You can declare all your overseas assets to the tax agency by filing a tax return. For details, read here:

http://www.cra-arc.gc.ca
 

teddy2010

Newbie
Mar 1, 2014
3
0
Thank you for that. I am more worried about tax implications if we decide to keep it. i will read up on that. Thanks