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
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