You don't say whether you intend to remain in Canada for the duration. Canada taxes on residency, so they may have to determine your residency status based on your intentions. Normally, any cash is considered part of your personal effects when moving into Canada. Any interest earned in Canada on that money will be taxable. You need to discuss some of the issues with Canada Revenue. 1-800-959-8281
You don't say whether you intend to remain in Canada for the duration. Canada taxes on residency, so they may have to determine your residency status based on your intentions. Normally, any cash is considered part of your personal effects when moving into Canada. Any interest earned in Canada on that money will be taxable. You need to discuss some of the issues with Canada Revenue. 1-800-959-8281
ellisfalconer
New Member
Anonymous
Not applicable
bman955
New Member
colleenapearson
New Member
jdgillan
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.