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    • neilio416
    • By neilio416 11th Sep 17, 6:24 AM
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    neilio416
    Offshore investments and repatriation
    • #1
    • 11th Sep 17, 6:24 AM
    Offshore investments and repatriation 11th Sep 17 at 6:24 AM
    Hi. I've been an expat for a number of years and have my portfolio located offshore. I'll be returning to Canada soon and was wondering about my investments. Should I sell them first and just send the cash? Or should I just transfer the securities over to a Canadian bank? Any insight would be appreciated. Thanks for your time.
Page 1
    • AnotherJoe
    • By AnotherJoe 11th Sep 17, 7:51 AM
    • 7,559 Posts
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    AnotherJoe
    • #2
    • 11th Sep 17, 7:51 AM
    • #2
    • 11th Sep 17, 7:51 AM
    This is a UK based forum. I don't expect many people here are familiar with the Canadian tax, banking and financial laws.
    • bostonerimus
    • By bostonerimus 11th Sep 17, 1:21 PM
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    bostonerimus
    • #3
    • 11th Sep 17, 1:21 PM
    • #3
    • 11th Sep 17, 1:21 PM
    You're life will be far simpler if you sell before you move and pay any CGT where you are currently resident. Then you have a clean slate when you move to Canada. The difficulty comes with pensions as they are usually difficult to access or transfer, but you might find some help if there is a dual tax treaty between Canada and where any pension is located.
    Misanthrope in search of similar for mutual loathing
    • chiang mai
    • By chiang mai 13th Sep 17, 10:57 AM
    • 88 Posts
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    chiang mai
    • #4
    • 13th Sep 17, 10:57 AM
    • #4
    • 13th Sep 17, 10:57 AM
    Since the funds/instruments are offshore it sounds like the two issues to consider are the Canadian tax laws and any foreign currency exchange implications. Another obvious question is, why transfer them at all, why not leave them where they are?
    • bostonerimus
    • By bostonerimus 13th Sep 17, 1:29 PM
    • 1,106 Posts
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    bostonerimus
    • #5
    • 13th Sep 17, 1:29 PM
    • #5
    • 13th Sep 17, 1:29 PM
    Since the funds/instruments are offshore it sounds like the two issues to consider are the Canadian tax laws and any foreign currency exchange implications. Another obvious question is, why transfer them at all, why not leave them where they are?
    Originally posted by chiang mai
    Leaving them where they are will probably complicate matters. If they are outside a tax wrapper two tax returns might be required . More problematic might be investments inside tax wrappers as they might not be recognized in both countries. In these situations you must fully understand the implications of any double tax treaty.
    Misanthrope in search of similar for mutual loathing
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