If you are going to move to Canada permanently, the good idea is to report all your property (including bank savings) to Canada, assuming you have a big lump sum money and you are not going to report when you are landing. The reason is that Canada has very restrict monitor system of money flowing. If you don't report your money at the time you land in, in the future, you have to spend lot of time to explain where a big lump sum money is from, especially it is from outside Canada. It happened to my friend. She deposited 10,000 (cash) to her account, first time, it is ok. Second time, she deposited another 10,000 (cash) to her account again. This time, bank officer took her to a small office, asked her every question about the money. Since the money you have is owned before you land in Canada, it is not hurt to report at all. My two cents.
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• good point, thx to share -sleepbear- ♂ (0 bytes) () 09/04/2007 postreply 08:04:02