Originally posted in someone's thread but decided to open up my own.
Do you know how a newcomer (a sponsored spouse) can bring money via bank transfer before landing?
We were not able to open a bank account for him because he doesn't currently live in Canada. We will only able to do so after landing.
But! We wanted to sell the house in his country and transfer money prior to landing.
So here are the questions, everyone:
1. If he transfers to my (sponsor's and his wife's) account, will CRA have any questions to me?
Or can I explain that it was my husband's money who did not have an account in Canada prior to landing (we will have all the docs)?
2. Does he need to declare anything at landing if wire-transferred to an account?
3. Any other thoughts on how to do it? We would rather not carry cash (especially leaving from his country of origin as it may not be particularly safe).
Thanks everyone!
Do you know how a newcomer (a sponsored spouse) can bring money via bank transfer before landing?
We were not able to open a bank account for him because he doesn't currently live in Canada. We will only able to do so after landing.
But! We wanted to sell the house in his country and transfer money prior to landing.
So here are the questions, everyone:
1. If he transfers to my (sponsor's and his wife's) account, will CRA have any questions to me?
Or can I explain that it was my husband's money who did not have an account in Canada prior to landing (we will have all the docs)?
2. Does he need to declare anything at landing if wire-transferred to an account?
3. Any other thoughts on how to do it? We would rather not carry cash (especially leaving from his country of origin as it may not be particularly safe).
Thanks everyone!
