About the declaration and gift of new immigrants and overseas assets in Canada?

Canadian tax is income tax, which is calculated once a year. Only the income from 1 month 1 day to1February 30th is taxable.

If your assets existed before you immigrated,

That's not taxable, but if your assets help you make money after you immigrate, you have to pay taxes.

As for the amount of assets, you don't have to report it in the first year, but you can report it when you report Canadian tax for the second time. It's just an approximation. It's up to you without proof.

Few relatives and friends in Canada send 65,438+10,000 Canadian dollars. The family didn't believe it was a gift. They will suspect that it is your income and ask you to pay taxes.

The question you want to ask is very detailed, so you won't get any points.

This is the answer!