Money Transfer to Canada

housebuyer_abc

spike1210 wrote: »

Just checked with my citizens bank and funds have arrived from UK on time as I was told, I want to say the service provided to me by TorFx has been 2nd to none.... they was always there when I called never put on hold..... I would reccomend them to anyone moving money abroad..... they even reccomended other services that I may have needed so a compete package if you ask me.... Thank You TorFX

As a next step - remember to tell the Canadian Revenue Agency that this money exists and how you came to be in possession of it. Keep the documents relating to house sale and transfer. Otherwise in a year or so they'll come asking for tax on it.

How long is it since you became a Canadian resident (date of landing not date of emmigration)? The reason for asking is I seem to remember you only have a year window for this type of transfer (if you didn;t previously warn the CRA) before they treat it as income anyway.

You probably want to check with a financial advisor over there to make sure all is good.