Taxes on my transferred equity?
Before we moved here we sold our house. If the money (~$300k) is transferred over to Canada to save here, is it treated as taxable when it crosses the boarder? If so what’s the rate?
Unfortunately search terms like ‘immigrant savings transfer new immigrant Canada’ isn’t exactly a Google-friendly search term and it comes back with several different attempts at understanding the question. Thanks. |
Re: Taxes on my transferred equity?
Originally Posted by h0bn0b
(Post 13189771)
Before we moved here we sold our house. If the money (~$300k) is transferred over to Canada to save here, is it treated as taxable when it crosses the boarder? If so what’s the rate?
Unfortunately search terms like ‘immigrant savings transfer new immigrant Canada’ isn’t exactly a Google-friendly search term and it comes back with several different attempts at understanding the question. Thanks. To be sure you get it right, finding a good local accountant is worthwhile in my opinion. I would avoid tax filers/preparers, or DIY software options. |
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