For how long the money transfered from original country is not taxable?
 

Hi all,
I'm not sure this question should be posted in this newsgroup, but still may
be someone has some knowledge/experience on this subject.
I've got some money left in my bank account in my original country. I want
to transfer it to Canada. Do I have to declare it as income? If no, for how
long this money is not taxable?

Thanks

Re: For how long the money transfered from original country is not taxable?
 

I think you have 3 yrs to transfer all assets without taxes.




"Stas" <[email protected]> wrote in message
news:[email protected]...
    > Hi all,
    > I'm not sure this question should be posted in this newsgroup, but still
may
    > be someone has some knowledge/experience on this subject.
    > I've got some money left in my bank account in my original country. I want
    > to transfer it to Canada. Do I have to declare it as income? If no, for
how
    > long this money is not taxable?
    > Thanks

Re: For how long the money transfered from original country is not taxable?
 

It is just a bull***t, sorry. Don't be offended but please don't give advice
if you have no idea what you are talking about. This is too serious matter
to express your best guess - if you don't know for sure then don't guess.

There is absolutely no time limit on transfer of your assets to Canada.
Assets are not taxable - what is taxable is the income/profit made after
landing as a PR.

So, if you had money in your account outside Canada prior to landing as a PR
then you can bring such money to Canada at any time without being taxed.
Only interest earned on that account since you became Canadian resident will
be subject to taxes.

Same applies to all other assets. The only difference is that all other
non-monetary capital assets (real estate, stocks, etc.) must have their fair
market value assessed at the day you land in Canada. Such assessed value
will be a basis cost for your future capital gain or loss on those assets.
For example you bought stocks 5 years ago at the price $10 each and at the
day of your landing those stocks were valued at $20 each. This $20 value
will be your acquisition cost for Canadian tax purposes - if you sell later
those stocks for $25 each you will make $5 capital gain which will be
reportable on your Canadian tax return. If you sell them for less than $20
each then you will have a reportable capital loss.

Same applies to real estate and other capital assets. From Canadian taxes
perspective price you paid for the house abroad before becoming Canadian
resident is irrelevant. What will be counted is the fair market value of the
house at the day of your landing in Canada - if you sell the house later for
more that such assessed value you'll have capital gain to report, if for
less then you'll have capital loss. But proceeds from the sale brought here
will not be taxed in Canada - only profit or loss will be reportable and
subject to tax.

So, only income earned, profit gained or loss occurred after you became
Canadian resident will be subject to tax. Not the money or other assets (as
per their assessed value at the day of landing) you already had before
landing as PR in Canada.

And there is also an option to "shelter" those capital assets and profit
earned on them abroad for up to 5 years, but you should consult tax expert
on this subject.

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)
________________________________



"Singh" <[email protected]> wrote in message
news:[email protected]...
    > I think you have 3 yrs to transfer all assets without taxes.
    > "Stas" <[email protected]> wrote in message
    > news:[email protected]...
    > > Hi all,
    > > I'm not sure this question should be posted in this newsgroup, but still
    > may
    > > be someone has some knowledge/experience on this subject.
    > > I've got some money left in my bank account in my original country. I
want
    > > to transfer it to Canada. Do I have to declare it as income? If no, for
    > how
    > > long this money is not taxable?
    > >
    > > Thanks
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

Mr. Singh, you really, really need to stop commenting on things of which you
have no apparent knowledge.

"Singh" <[email protected]> wrote in message
news:[email protected]...
    > I think you have 3 yrs to transfer all assets without taxes.
    > "Stas" <[email protected]> wrote in message
    > news:[email protected]...
    > > Hi all,
    > > I'm not sure this question should be posted in this newsgroup, but still
    > may
    > > be someone has some knowledge/experience on this subject.
    > > I've got some money left in my bank account in my original country. I
want
    > > to transfer it to Canada. Do I have to declare it as income? If no, for
    > how
    > > long this money is not taxable?
    > >
    > > Thanks
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

Mr. Nick, you really need to stop trying be something. I said " I think" to
the comment and I WILL say what I think. You can choose to read what i think
or not.





"Nick B." <[email protected]> wrote in message
news:[email protected]...
    > Mr. Singh, you really, really need to stop commenting on things of which
you
    > have no apparent knowledge.
    > "Singh" <[email protected]> wrote in message
    > news:[email protected]...
    > > I think you have 3 yrs to transfer all assets without taxes.
    > >
    > >
    > >
    > >
    > > "Stas" <[email protected]> wrote in message
    > > news:[email protected]...
    > > > Hi all,
    > > > I'm not sure this question should be posted in this newsgroup, but
still
    > > may
    > > > be someone has some knowledge/experience on this subject.
    > > > I've got some money left in my bank account in my original country. I
    > want
    > > > to transfer it to Canada. Do I have to declare it as income? If no,
for
    > > how
    > > > long this money is not taxable?
    > > >
    > > > Thanks
    > > >
    > > >
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

Andrew,

You dont understand one thing, there is life BEYOND immigration laws of
Canada, and that involves living in a polite, friendly and civilised way. I
can easily choose and answer you back in the same tone you replied here, but
I as always choose not to. We all here know and appreciate that you know
immigration law very well, and that even make you a good candidate to head
CIC, but It DOESN'T Behove you to reply in these tones. I am sure you have
the Immigration law manuals, and I think its time you get a "Good Manners
for Dummies", that will help you go a long way in life....

Dont worry I am not offended........




"Andrew Miller" <[email protected]> wrote in message
news:D5XOb.46462$De.19807@edtnps84...
    > It is just a bull***t, sorry. Don't be offended but please don't give
advice
    > if you have no idea what you are talking about. This is too serious matter
    > to express your best guess - if you don't know for sure then don't guess.
    > There is absolutely no time limit on transfer of your assets to Canada.
    > Assets are not taxable - what is taxable is the income/profit made after
    > landing as a PR.
    > So, if you had money in your account outside Canada prior to landing as a
PR
    > then you can bring such money to Canada at any time without being taxed.
    > Only interest earned on that account since you became Canadian resident
will
    > be subject to taxes.
    > Same applies to all other assets. The only difference is that all other
    > non-monetary capital assets (real estate, stocks, etc.) must have their
fair
    > market value assessed at the day you land in Canada. Such assessed value
    > will be a basis cost for your future capital gain or loss on those assets.
    > For example you bought stocks 5 years ago at the price $10 each and at the
    > day of your landing those stocks were valued at $20 each. This $20 value
    > will be your acquisition cost for Canadian tax purposes - if you sell
later
    > those stocks for $25 each you will make $5 capital gain which will be
    > reportable on your Canadian tax return. If you sell them for less than $20
    > each then you will have a reportable capital loss.
    > Same applies to real estate and other capital assets. From Canadian taxes
    > perspective price you paid for the house abroad before becoming Canadian
    > resident is irrelevant. What will be counted is the fair market value of
the
    > house at the day of your landing in Canada - if you sell the house later
for
    > more that such assessed value you'll have capital gain to report, if for
    > less then you'll have capital loss. But proceeds from the sale brought
here
    > will not be taxed in Canada - only profit or loss will be reportable and
    > subject to tax.
    > So, only income earned, profit gained or loss occurred after you became
    > Canadian resident will be subject to tax. Not the money or other assets
(as
    > per their assessed value at the day of landing) you already had before
    > landing as PR in Canada.
    > And there is also an option to "shelter" those capital assets and profit
    > earned on them abroad for up to 5 years, but you should consult tax expert
    > on this subject.
    > --
    > ../..
    > Andrew Miller
    > Immigration Consultant
    > Vancouver, British Columbia
    > email: [email protected]
    > (delete REMOVE from the above address before sending email)
    > ________________________________
    > "Singh" <[email protected]> wrote in message
    > news:[email protected]...
    > > I think you have 3 yrs to transfer all assets without taxes.
    > >
    > >
    > >
    > >
    > > "Stas" <[email protected]> wrote in message
    > > news:[email protected]...
    > > > Hi all,
    > > > I'm not sure this question should be posted in this newsgroup, but
still
    > > may
    > > > be someone has some knowledge/experience on this subject.
    > > > I've got some money left in my bank account in my original country. I
    > want
    > > > to transfer it to Canada. Do I have to declare it as income? If no,
for
    > > how
    > > > long this money is not taxable?
    > > >
    > > > Thanks
    > > >
    > > >
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

Please look again into the first line of my reply. Do you see word "sorry"
and phrase "don't be offended"?

Everybody has the right to get frustrated and express it, especially when
seeing wrong advice. It includes myself. But regardless expressing quite
bluntly my frustration I included apology for my outburst hoping that you
won't be offended. And unlike many others who start using insults and call
others names when showing their frustration I'm far from it. So, if I
offended you regardless saying sorry in advance then I apologize again. But
my description of your "advice" still stands..., sorry.

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)
________________________________


"Singh" <[email protected]> wrote in message
news:oL%[email protected]...
    > Andrew,
    > You dont understand one thing, there is life BEYOND immigration laws of
    > Canada, and that involves living in a polite, friendly and civilised way.
I
    > can easily choose and answer you back in the same tone you replied here,
but
    > I as always choose not to. We all here know and appreciate that you know
    > immigration law very well, and that even make you a good candidate to head
    > CIC, but It DOESN'T Behove you to reply in these tones. I am sure you have
    > the Immigration law manuals, and I think its time you get a "Good Manners
    > for Dummies", that will help you go a long way in life....
    > Dont worry I am not offended........
    > "Andrew Miller" <[email protected]> wrote in message
    > news:D5XOb.46462$De.19807@edtnps84...
    > > It is just a bull***t, sorry. Don't be offended but please don't give
    > advice
    > > if you have no idea what you are talking about. This is too serious
matter
    > > to express your best guess - if you don't know for sure then don't
guess.
    > >
    > > There is absolutely no time limit on transfer of your assets to Canada.
    > > Assets are not taxable - what is taxable is the income/profit made after
    > > landing as a PR.
    > >
    > > So, if you had money in your account outside Canada prior to landing as
a
    > PR
    > > then you can bring such money to Canada at any time without being taxed.
    > > Only interest earned on that account since you became Canadian resident
    > will
    > > be subject to taxes.
    > >
    > > Same applies to all other assets. The only difference is that all other
    > > non-monetary capital assets (real estate, stocks, etc.) must have their
    > fair
    > > market value assessed at the day you land in Canada. Such assessed value
    > > will be a basis cost for your future capital gain or loss on those
assets.
    > > For example you bought stocks 5 years ago at the price $10 each and at
the
    > > day of your landing those stocks were valued at $20 each. This $20 value
    > > will be your acquisition cost for Canadian tax purposes - if you sell
    > later
    > > those stocks for $25 each you will make $5 capital gain which will be
    > > reportable on your Canadian tax return. If you sell them for less than
$20
    > > each then you will have a reportable capital loss.
    > >
    > > Same applies to real estate and other capital assets. From Canadian
taxes
    > > perspective price you paid for the house abroad before becoming Canadian
    > > resident is irrelevant. What will be counted is the fair market value of
    > the
    > > house at the day of your landing in Canada - if you sell the house later
    > for
    > > more that such assessed value you'll have capital gain to report, if for
    > > less then you'll have capital loss. But proceeds from the sale brought
    > here
    > > will not be taxed in Canada - only profit or loss will be reportable and
    > > subject to tax.
    > >
    > > So, only income earned, profit gained or loss occurred after you became
    > > Canadian resident will be subject to tax. Not the money or other assets
    > (as
    > > per their assessed value at the day of landing) you already had before
    > > landing as PR in Canada.
    > >
    > > And there is also an option to "shelter" those capital assets and profit
    > > earned on them abroad for up to 5 years, but you should consult tax
expert
    > > on this subject.
    > >
    > > --
    > >
    > > ../..
    > >
    > > Andrew Miller
    > > Immigration Consultant
    > > Vancouver, British Columbia
    > > email: [email protected]
    > > (delete REMOVE from the above address before sending email)
    > > ________________________________
    > >
    > >
    > >
    > > "Singh" <[email protected]> wrote in message
    > > news:[email protected]...
    > > > I think you have 3 yrs to transfer all assets without taxes.
    > > >
    > > >
    > > >
    > > >
    > > > "Stas" <[email protected]> wrote in message
    > > > news:[email protected]...
    > > > > Hi all,
    > > > > I'm not sure this question should be posted in this newsgroup, but
    > still
    > > > may
    > > > > be someone has some knowledge/experience on this subject.
    > > > > I've got some money left in my bank account in my original country.
I
    > > want
    > > > > to transfer it to Canada. Do I have to declare it as income? If no,
    > for
    > > > how
    > > > > long this money is not taxable?
    > > > >
    > > > > Thanks
    > > > >
    > > > >
    > > >
    > > >
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

On Mon, 19 Jan 2004 20:28:19 GMT, "Andrew Miller"
<[email protected]> wrote:

    >Same applies to real estate and other capital assets. From Canadian taxes
    >perspective price you paid for the house abroad before becoming Canadian
    >resident is irrelevant. What will be counted is the fair market value of the
    >house at the day of your landing in Canada - if you sell the house later for
    >more that such assessed value you'll have capital gain to report, if for
    >less then you'll have capital loss. But proceeds from the sale brought here
    >will not be taxed in Canada - only profit or loss will be reportable and
    >subject to tax.
    >So, only income earned, profit gained or loss occurred after you became
    >Canadian resident will be subject to tax. Not the money or other assets (as
    >per their assessed value at the day of landing) you already had before
    >landing as PR in Canada.
    >And there is also an option to "shelter" those capital assets and profit
    >earned on them abroad for up to 5 years, but you should consult tax expert
    >on this subject.

If you owned a house (and lived in it) before moving to Canada, you
can continue to claim that property as your principal residence after
you move to Canada and avoid any capital gains tax on the increase in
value up to to 4 or 5 years. This only applies if you do not buy a
property in Canada in the meantime.

Re: For how long the money transfered from original country is not taxable?
 

I'm not trying to be anything - I only offer my thoughts and advice on
matters I am particularly versed in - mostly with respect to finances since
that's my profession.

As it happens, there is enough in the way of hearsay which floats around
about immigration and the like, and your thoughts, noble or otherwise, are
of no use to anyone when they are wrong.

"Singh" <[email protected]> wrote in message
news:0I%[email protected]...
    > Mr. Nick, you really need to stop trying be something. I said " I think"
to
    > the comment and I WILL say what I think. You can choose to read what i
think
    > or not.
    > "Nick B." <[email protected]> wrote in message
    > news:[email protected]...
    > > Mr. Singh, you really, really need to stop commenting on things of which
    > you
    > > have no apparent knowledge.
    > >
    > > "Singh" <[email protected]> wrote in message
    > > news:[email protected]...
    > > > I think you have 3 yrs to transfer all assets without taxes.
    > > >
    > > >
    > > >
    > > >
    > > > "Stas" <[email protected]> wrote in message
    > > > news:[email protected]...
    > > > > Hi all,
    > > > > I'm not sure this question should be posted in this newsgroup, but
    > still
    > > > may
    > > > > be someone has some knowledge/experience on this subject.
    > > > > I've got some money left in my bank account in my original country.
I
    > > want
    > > > > to transfer it to Canada. Do I have to declare it as income? If no,
    > for
    > > > how
    > > > > long this money is not taxable?
    > > > >
    > > > > Thanks
    > > > >
    > > > >
    > > >
    > > >
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

Andrew,

If thats the best you could write, then it isn't for me to judge especially
if you continue to stand with your description of the advice. Its for all
these intelligent and noble people out here to see their expert stand behind
his words.

Good Luck
Singh




"Andrew Miller" <[email protected]> wrote in message
news:770Pb.49376$De.27066@edtnps84...
    > Please look again into the first line of my reply. Do you see word "sorry"
    > and phrase "don't be offended"?
    > Everybody has the right to get frustrated and express it, especially when
    > seeing wrong advice. It includes myself. But regardless expressing quite
    > bluntly my frustration I included apology for my outburst hoping that you
    > won't be offended. And unlike many others who start using insults and call
    > others names when showing their frustration I'm far from it. So, if I
    > offended you regardless saying sorry in advance then I apologize again.
But
    > my description of your "advice" still stands..., sorry.
    > --
    > ../..
    > Andrew Miller
    > Immigration Consultant
    > Vancouver, British Columbia
    > email: [email protected]
    > (delete REMOVE from the above address before sending email)
    > ________________________________
    > "Singh" <[email protected]> wrote in message
    > news:oL%[email protected]...
    > > Andrew,
    > >
    > > You dont understand one thing, there is life BEYOND immigration laws of
    > > Canada, and that involves living in a polite, friendly and civilised
way.
    > I
    > > can easily choose and answer you back in the same tone you replied here,
    > but
    > > I as always choose not to. We all here know and appreciate that you know
    > > immigration law very well, and that even make you a good candidate to
head
    > > CIC, but It DOESN'T Behove you to reply in these tones. I am sure you
have
    > > the Immigration law manuals, and I think its time you get a "Good
Manners
    > > for Dummies", that will help you go a long way in life....
    > >
    > > Dont worry I am not offended........
    > >
    > >
    > >
    > >
    > > "Andrew Miller" <[email protected]> wrote in message
    > > news:D5XOb.46462$De.19807@edtnps84...
    > > > It is just a bull***t, sorry. Don't be offended but please don't give
    > > advice
    > > > if you have no idea what you are talking about. This is too serious
    > matter
    > > > to express your best guess - if you don't know for sure then don't
    > guess.
    > > >
    > > > There is absolutely no time limit on transfer of your assets to
Canada.
    > > > Assets are not taxable - what is taxable is the income/profit made
after
    > > > landing as a PR.
    > > >
    > > > So, if you had money in your account outside Canada prior to landing
as
    > a
    > > PR
    > > > then you can bring such money to Canada at any time without being
taxed.
    > > > Only interest earned on that account since you became Canadian
resident
    > > will
    > > > be subject to taxes.
    > > >
    > > > Same applies to all other assets. The only difference is that all
other
    > > > non-monetary capital assets (real estate, stocks, etc.) must have
their
    > > fair
    > > > market value assessed at the day you land in Canada. Such assessed
value
    > > > will be a basis cost for your future capital gain or loss on those
    > assets.
    > > > For example you bought stocks 5 years ago at the price $10 each and at
    > the
    > > > day of your landing those stocks were valued at $20 each. This $20
value
    > > > will be your acquisition cost for Canadian tax purposes - if you sell
    > > later
    > > > those stocks for $25 each you will make $5 capital gain which will be
    > > > reportable on your Canadian tax return. If you sell them for less than
    > $20
    > > > each then you will have a reportable capital loss.
    > > >
    > > > Same applies to real estate and other capital assets. From Canadian
    > taxes
    > > > perspective price you paid for the house abroad before becoming
Canadian
    > > > resident is irrelevant. What will be counted is the fair market value
of
    > > the
    > > > house at the day of your landing in Canada - if you sell the house
later
    > > for
    > > > more that such assessed value you'll have capital gain to report, if
for
    > > > less then you'll have capital loss. But proceeds from the sale brought
    > > here
    > > > will not be taxed in Canada - only profit or loss will be reportable
and
    > > > subject to tax.
    > > >
    > > > So, only income earned, profit gained or loss occurred after you
became
    > > > Canadian resident will be subject to tax. Not the money or other
assets
    > > (as
    > > > per their assessed value at the day of landing) you already had before
    > > > landing as PR in Canada.
    > > >
    > > > And there is also an option to "shelter" those capital assets and
profit
    > > > earned on them abroad for up to 5 years, but you should consult tax
    > expert
    > > > on this subject.
    > > >
    > > > --
    > > >
    > > > ../..
    > > >
    > > > Andrew Miller
    > > > Immigration Consultant
    > > > Vancouver, British Columbia
    > > > email: [email protected]
    > > > (delete REMOVE from the above address before sending email)
    > > > ________________________________
    > > >
    > > >
    > > >
    > > > "Singh" <[email protected]> wrote in message
    > > > news:[email protected]...
    > > > > I think you have 3 yrs to transfer all assets without taxes.
    > > > >
    > > > >
    > > > >
    > > > >
    > > > > "Stas" <[email protected]> wrote in message
    > > > > news:[email protected]...
    > > > > > Hi all,
    > > > > > I'm not sure this question should be posted in this newsgroup, but
    > > still
    > > > > may
    > > > > > be someone has some knowledge/experience on this subject.
    > > > > > I've got some money left in my bank account in my original
country.
    > I
    > > > want
    > > > > > to transfer it to Canada. Do I have to declare it as income? If
no,
    > > for
    > > > > how
    > > > > > long this money is not taxable?
    > > > > >
    > > > > > Thanks
    > > > > >
    > > > > >
    > > > >
    > > > >
    > > >
    > > >
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

Lets all remember this is a "Discussion" forum not a controlled expert
solution room, as some think it is.

Discussions carry views (right & wrong), ideas, guesses and suggestions. :)




"Nick B." <[email protected]> wrote in message
news:[email protected]...
    > I'm not trying to be anything - I only offer my thoughts and advice on
    > matters I am particularly versed in - mostly with respect to finances
since
    > that's my profession.
    > As it happens, there is enough in the way of hearsay which floats around
    > about immigration and the like, and your thoughts, noble or otherwise, are
    > of no use to anyone when they are wrong.
    > "Singh" <[email protected]> wrote in message
    > news:0I%[email protected]...
    > > Mr. Nick, you really need to stop trying be something. I said " I think"
    > to
    > > the comment and I WILL say what I think. You can choose to read what i
    > think
    > > or not.
    > >
    > >
    > >
    > >
    > >
    > > "Nick B." <[email protected]> wrote in message
    > > news:[email protected]...
    > > > Mr. Singh, you really, really need to stop commenting on things of
which
    > > you
    > > > have no apparent knowledge.
    > > >
    > > > "Singh" <[email protected]> wrote in message
    > > > news:[email protected]...
    > > > > I think you have 3 yrs to transfer all assets without taxes.
    > > > >
    > > > >
    > > > >
    > > > >
    > > > > "Stas" <[email protected]> wrote in message
    > > > > news:[email protected]...
    > > > > > Hi all,
    > > > > > I'm not sure this question should be posted in this newsgroup, but
    > > still
    > > > > may
    > > > > > be someone has some knowledge/experience on this subject.
    > > > > > I've got some money left in my bank account in my original
country.
    > I
    > > > want
    > > > > > to transfer it to Canada. Do I have to declare it as income? If
no,
    > > for
    > > > > how
    > > > > > long this money is not taxable?
    > > > > >
    > > > > > Thanks
    > > > > >
    > > > > >
    > > > >
    > > > >
    > > >
    > > >
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

Lets all remember this is a "Discussion" forum not a controlled expert
solution room, as some think it is.

Discussions carry views (right & wrong), ideas, guesses and suggestions. :)





"Nick B." <[email protected]> wrote in message
news:[email protected]...
    > I'm not trying to be anything - I only offer my thoughts and advice on
    > matters I am particularly versed in - mostly with respect to finances
since
    > that's my profession.
    > As it happens, there is enough in the way of hearsay which floats around
    > about immigration and the like, and your thoughts, noble or otherwise, are
    > of no use to anyone when they are wrong.
    > "Singh" <[email protected]> wrote in message
    > news:0I%[email protected]...
    > > Mr. Nick, you really need to stop trying be something. I said " I think"
    > to
    > > the comment and I WILL say what I think. You can choose to read what i
    > think
    > > or not.
    > >
    > >
    > >
    > >
    > >
    > > "Nick B." <[email protected]> wrote in message
    > > news:[email protected]...
    > > > Mr. Singh, you really, really need to stop commenting on things of
which
    > > you
    > > > have no apparent knowledge.
    > > >
    > > > "Singh" <[email protected]> wrote in message
    > > > news:[email protected]...
    > > > > I think you have 3 yrs to transfer all assets without taxes.
    > > > >
    > > > >
    > > > >
    > > > >
    > > > > "Stas" <[email protected]> wrote in message
    > > > > news:[email protected]...
    > > > > > Hi all,
    > > > > > I'm not sure this question should be posted in this newsgroup, but
    > > still
    > > > > may
    > > > > > be someone has some knowledge/experience on this subject.
    > > > > > I've got some money left in my bank account in my original
country.
    > I
    > > > want
    > > > > > to transfer it to Canada. Do I have to declare it as income? If
no,
    > > for
    > > > > how
    > > > > > long this money is not taxable?
    > > > > >
    > > > > > Thanks
    > > > > >
    > > > > >
    > > > >
    > > > >
    > > >
    > > >
    > >
    > >

Re: For how long the money transfered from original country is not
 

Singh wrote:
    >
    > Lets all remember this is a "Discussion" forum not a controlled expert
    > solution room, as some think it is.
    >
    > Discussions carry views (right & wrong), ideas, guesses and suggestions. :)

And you are wrong far too often to even attempt to offer advice. Not
just wrong, but badly wrong.

Re: For how long the money transfered from original country is not taxable?
 

Singh --

While everyone has a right to express an opinion, your response was not an
opinion.
The original question was not asking for opinions, it was seeking factual
answers.
Your response conveyed the impression of being factual information.

If I were the original poster, I could very easily have taken your response
to be a statement of fact and acted accordingly.

If you didn't know anything about the subject, you should not have responded
as though you did.
And once others have pointed out (both Nick and Andrew were very polite),
that you are wrong, you should accept that gracefully.

"Singh" <[email protected]> wrote in message
news:[email protected]...
    > Lets all remember this is a "Discussion" forum not a controlled expert
    > solution room, as some think it is.
    > Discussions carry views (right & wrong), ideas, guesses and suggestions.
    :)
    > "Nick B." <[email protected]> wrote in message
    > news:[email protected]...
    > > I'm not trying to be anything - I only offer my thoughts and advice on
    > > matters I am particularly versed in - mostly with respect to finances
    > since
    > > that's my profession.
    > >
    > > As it happens, there is enough in the way of hearsay which floats around
    > > about immigration and the like, and your thoughts, noble or otherwise,
are
    > > of no use to anyone when they are wrong.
    > >
    > > "Singh" <[email protected]> wrote in message
    > > news:0I%[email protected]...
    > > > Mr. Nick, you really need to stop trying be something. I said " I
think"
    > > to
    > > > the comment and I WILL say what I think. You can choose to read what i
    > > think
    > > > or not.
    > > >
    > > >
    > > >
    > > >
    > > >
    > > > "Nick B." <[email protected]> wrote in message
    > > > news:[email protected]...
    > > > > Mr. Singh, you really, really need to stop commenting on things of
    > which
    > > > you
    > > > > have no apparent knowledge.
    > > > >
    > > > > "Singh" <[email protected]> wrote in message
    > > > > news:[email protected]...
    > > > > > I think you have 3 yrs to transfer all assets without taxes.
    > > > > >
    > > > > >
    > > > > >
    > > > > >
    > > > > > "Stas" <[email protected]> wrote in message
    > > > > > news:[email protected]...
    > > > > > > Hi all,
    > > > > > > I'm not sure this question should be posted in this newsgroup,
but
    > > > still
    > > > > > may
    > > > > > > be someone has some knowledge/experience on this subject.
    > > > > > > I've got some money left in my bank account in my original
    > country.
    > > I
    > > > > want
    > > > > > > to transfer it to Canada. Do I have to declare it as income? If
    > no,
    > > > for
    > > > > > how
    > > > > > > long this money is not taxable?
    > > > > > >
    > > > > > > Thanks
    > > > > > >
    > > > > > >
    > > > > >
    > > > > >
    > > > >
    > > > >
    > > >
    > > >
    > >
    > >

Re: For how long the money transfered from original country is not taxable?
 

I'm sorry but this is not a "discussion" forum. All newsgroups classified as
discussion forums are quite clearly marked by having word "discussion"
embedded in their names.

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)
________________________________


"Singh" <[email protected]> wrote in message
news:[email protected]...
    > Lets all remember this is a "Discussion" forum not a controlled expert
    > solution room, as some think it is.
    > Discussions carry views (right & wrong), ideas, guesses and suggestions.
    :)
    > "Nick B." <[email protected]> wrote in message
    > news:[email protected]...
    > > I'm not trying to be anything - I only offer my thoughts and advice on
    > > matters I am particularly versed in - mostly with respect to finances
    > since
    > > that's my profession.
    > >
    > > As it happens, there is enough in the way of hearsay which floats around
    > > about immigration and the like, and your thoughts, noble or otherwise,
are
    > > of no use to anyone when they are wrong.
    > >
    > > "Singh" <[email protected]> wrote in message
    > > news:0I%[email protected]...
    > > > Mr. Nick, you really need to stop trying be something. I said " I
think"
    > > to
    > > > the comment and I WILL say what I think. You can choose to read what i
    > > think
    > > > or not.
    > > >
    > > >
    > > >
    > > >
    > > >
    > > > "Nick B." <[email protected]> wrote in message
    > > > news:[email protected]...
    > > > > Mr. Singh, you really, really need to stop commenting on things of
    > which
    > > > you
    > > > > have no apparent knowledge.
    > > > >
    > > > > "Singh" <[email protected]> wrote in message
    > > > > news:[email protected]...
    > > > > > I think you have 3 yrs to transfer all assets without taxes.
    > > > > >
    > > > > >
    > > > > >
    > > > > >
    > > > > > "Stas" <[email protected]> wrote in message
    > > > > > news:[email protected]...
    > > > > > > Hi all,
    > > > > > > I'm not sure this question should be posted in this newsgroup,
but
    > > > still
    > > > > > may
    > > > > > > be someone has some knowledge/experience on this subject.
    > > > > > > I've got some money left in my bank account in my original
    > country.
    > > I
    > > > > want
    > > > > > > to transfer it to Canada. Do I have to declare it as income? If
    > no,
    > > > for
    > > > > > how
    > > > > > > long this money is not taxable?
    > > > > > >
    > > > > > > Thanks
    > > > > > >
    > > > > > >
    > > > > >
    > > > > >
    > > > >
    > > > >
    > > >
    > > >
    > >
    > >