Will the CRA levy tax on our immovable properties and deposits in our home country? Or will they levy tax on income generated on land and deposits. or will it be taxed on capital gains. how is it going to be treated?
I have already declared at the time of applying for migration about all my assets and its networth. Now how do i bring to canada this money without tax as i have already declared it before first landing.
Hello,
Thanks for sharing your questions with us.
We have had other users ask questions about properties in other countries, more specifically about taxation and selling later. You may be able to find some helpful information in one of our previous Settlement.Org Landing Now - Sell property later - Is it okay? and this Property in home country discussion thread. These are from several years ago, however, according to a Canada Revenue Agency representative, the process is still very similar.
We suggest that you may want to get some information that is specific to your situation and also get some additional information by contacting the Canada Revenue Agency directly.
There is also a telephone number available for international inquiries.
I hope this information is helpful. Please let us know if you have further questions and if there is any follow up to your question/situation.
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Anna
Settlement.Org Content and Information/Referral Specialist, CIRS
Settlement.Org
My uncle stole my property my grandma wrote me out a hand written will and he burnt it I have been there 43 years too
Hello,
Thank you for using our forum for your question.
In regards to your question, you might find useful information in the following articles:
Legal Aid and Community Clinics - https://settlement.org/ontario/legal-services/legal-aid-and-community-clinics/
Lawyers and Other Legal Help - https://settlement.org/ontario/legal-services/lawyers-and-other-legal-help/
We hope that you will find this information useful.
Thank you again for using our forum.
Settlement.Org