Any tax for money transferred after landing?

[erdebeere]

Dear friends, thanks for your kind help and support. I have some money in bank in my home country, I want to bring like 10,000 of it with cash while landing. The rest which is about 30,000 CAD is left, if I want to bring/trasfer to Canada after one or two years, do I have to explain anything or do I have to pay tax for it? About selling my property in my home country after landing , as far as I know I should show them a proof. What about the money being left in bank account? thanks a lot.

 

[steaky]

1) You would need to declare your 30,000 CAD in your upcoming tax return. Seek an accountant if you do not know how to file
2) After you became a tax resident, the selling of your property in home country is subject to capital gains tax in Canada. You would need to report those gains in your tax return.

 

[erdebeere]

Thanks for your reply. If I declare my money in a bank account outside Canada in the first tax return, does it still undergo tax or not?