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Transferring my savings

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Y

ymood

Full Member
Dec 12, 2009
32
0
I am transferring my savings from own account in my home country to Canada. Please can anybody advise about if I have to mention this transfer in tax filing?

Thanks
 
ymood said:
I am transferring my savings from own account in my home country to Canada. Please can anybody advise about if I have to mention this transfer in tax filing?

Thanks
Click to expand...

No. These funds are not taxed and there is no need to mention them when you file your taxes. you only need to disclose income earned after you became a resident.
 
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