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Subject: Re: selling property abroad and transferring money to Canada Posted on: Thu, 13 Nov 2003 11:33:35 MST

You will have to report it and pay taxes if you realized gain between the
value of the property at the day of your landing as a PR in Canada and the
selling price.

But please consult tax expert anyway.

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: AndrewMillerREMOVE@REMOVEcanada.com
(delete REMOVE from the above address before sending email)
________________________________


"Stefka Patchova" wrote in message
news:mRPsb.11482$IK2.901120@news20.bellglobal.com...
> I would like to ask Mr. Miller and all experts the following question:
>
> I own a property in the country I came from. I didn't sell it before
moving
> to Canada. I want to do this now and transfer money to Canada.
> Q: Do I have to pay taxes in Canada on the transferred amount if less
then
> one year is passed since I received the landed immigrant status?
>
>