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forumSection: Immigration to Canada, subForumSection: Express Entry / Expression of Interest
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I am planning to move to Canada (PR) soon, I want to know if there will be any tax for the Money (Let's say > 200K CAD) kept in my Foreign account outside Canada? That money will not yield any income/interest.
1. Should this be declared while entering Canada?
2. Should this be declared while filling Tax later that year?
3. Maybe over a period of years, if I plan to bring this money to Canada to buy a house, will there be any tax at that time when I bring this into Canada?
Appreciate your valuable advise on these.
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