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My home country has currency amount restriction for wiring funds to foreign country per year. As a result, I can't bring all funds to Canada at my first landing. Can bring them in portions in 1 to 2years? Will it be a taxation issue with CRA? How can I report these funds
to Canada as my assets instead of mistaken annual income later on?
When you file your annual income tax return, you will have to declare your assets outside Canada.
You're right, Steaky. I consulted an accountant and he gave the same answer. Thanks!
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