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gval-
New Member

Are savings in another country moved to Canada in 2022 consider income?

I understand income as money you gain for working or investing, but savings were income gained in the past, so moving them to Canada does not mean you gained them again.
1 Reply

Are savings in another country moved to Canada in 2022 consider income?

You should contact the Canada Revenue Agency (CRA) and confirm it with them. 

 

If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency