savings transfer temp
Dec 10th 2020 | 12:28 am
#1
Thread Starter
BE Enthusiast
Joined: May 2012
Posts: 447
From: between Calgary alberta and sunny doncaster
savings transfer temp
no one can see a legal issue with transferring money to Canadian savings account for a little while?
we plan to go back in 2021 but don't want to transfer it all till later but with brexit am
considering transferring at least half while the exchange is good.
if however we had a stonking offer here to stay we may send it back later, nothing dodgy is it?
cheers
we plan to go back in 2021 but don't want to transfer it all till later but with brexit am
considering transferring at least half while the exchange is good.
if however we had a stonking offer here to stay we may send it back later, nothing dodgy is it?
cheers
Dec 10th 2020 | 1:11 am
#2
Lost in BE Cyberspace
Joined: Nov 2012
Posts: 9,740
From: bute
Re: savings transfer temp
I do not understand this question.
Dec 10th 2020 | 2:44 am
#3
Seasoned Maritimer
Joined: Jun 2005
Posts: 8,309
From: Fredericton, New Brunswick CA
Re: savings transfer temp
No problem sending the cash and if needed sending it back again.
Dec 10th 2020 | 2:47 am
#4
Thread Starter
BE Enthusiast
Joined: May 2012
Posts: 447
From: between Calgary alberta and sunny doncaster
Dec 10th 2020 | 3:10 am
#5
BE Forum Addict
Joined: Apr 2013
Posts: 2,485
From: London, ON
Re: savings transfer temp
Errrrr... yes, but you will of course have to report any gain made transferring the money back to the relevant tax authorities in you annual return as you will be liable for capital gains tax on any progot (and conversely, can offset other gains against the loss if that is what happens).
