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Transfering money to a canadian bank

amiyoshi

Newbie
Feb 6, 2014
4
0
Hello!
So, I have plans to study in a canadian college, working and then applying for CEC. But I'm yet at the very beginning of this process, which is saving money to pay for the college tuitions and stuff.
First I was thinking about saving all that I could and then transfering all at once to a canadian bank, but I thought a bit and I think maybe it's better to transfer money monthly.
So, is it possible for me to open a bank account in canada from overseas and transfer money every month?

Thanks!
 

honeysingh

Hero Member
Feb 20, 2013
632
33
Edmonton
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amiyoshi said:
Hello!
So, I have plans to study in a canadian college, working and then applying for CEC. But I'm yet at the very beginning of this process, which is saving money to pay for the college tuitions and stuff.
First I was thinking about saving all that I could and then transfering all at once to a canadian bank, but I thought a bit and I think maybe it's better to transfer money monthly.
So, is it possible for me to open a bank account in canada from overseas and transfer money every month?

Thanks!
Post your Questions in the below International Students Category, you'll get better answers

http://www.canadavisa.com/canada-immigration-discussion-board/international-students-b2.0/
 

Zac_12

Newbie
Mar 5, 2014
6
0
hi,

I am holding a PR, however didnt move to Canada yet as i am trying to save some money to help me survive in my early days, now i wanted to know, is there any restiction on transfering my saving to my account in canada? any limits? or if the money coming from my own account to my own account in canada it should be find,..? and alos any tax i have to pay on that money?

best regards
 

nov1061

Champion Member
Mar 25, 2012
1,158
73
Zac_12 said:
hi,

I am holding a PR, however didnt move to Canada yet as i am trying to save some money to help me survive in my early days, now i wanted to know, is there any restiction on transfering my saving to my account in canada? any limits? or if the money coming from my own account to my own account in canada it should be find,..? and alos any tax i have to pay on that money?

best regards
Hi,
when I had been transferring some funds (well above 150k CAD) to my own account in Canada from my another own account abroad there was no problem (no question asked).