I looked it up on KBB in USD and converted it to CAD
Mineās a '08 Accordā¦I think youāre fine. I went to the Canadian Tire at Heartland (Mississauga).
They never asked me for any proof of address. I think any proof you can provide should suffice (e.g. address on CoPR, a mailed (or printed) bank statement etc.)
Hi !
What are the approximate registration costs ?
I am moving to Quebec and planning to ship my car there.
Thank you !
I plan to drive my car to Vancouver from Seattle. The question i had was - can keep couple of boxes and suitcase in the car when i import the car? the items i plan to take with me are on the GTF list.
Please let me know if anybody took their belonging while importing the car?
Thanks
If you are driving it yourself across the border during the import process, you can carry your personal belongings in it. However, if you are getting it shipped by a relocation agent, you can not send anything in the car (except the title of the car).
Not sure. You might want to check on Services Quebec website.
Banks give much lower exchange rates (They eat at least cad 0.05) than Everforex or such foreign exchange companies. Everforex is the best one after I compared between multiple forex companies.
@avj We should manage our own crypto accounts and not rely on other companies to manage our accounts and transfer from USD -> BTC -> CAD. Also, never buy AltCoins if you wanna convert from one currency to another via crypto as their risk level is 100 times more than BitCoin.
Iāve heard that KnightBridgeFX offers the best rate. Transferwise is more convenient though with an easier onboarding process.
Exchange rate is only significant if you plan to transfer > 10K dollars. So unless you need to put a deposit on a car or your home itās best to keep USDs as is either in America or in Canadian Banks or Investment Brokers.
Iām unsure if youāre kidding or are being serious. Iām hoping itās the former because if itās the latter then itās not good advice for anyone else looking to follow suit.
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Yeah they give low exchange rates. itās a bit unpredictable and very much depends on day/month you do the conversation, even with the best rates for that day. I just moved my savings into a USD account here in Canada for now.
Would there be any estate tax implications if the USDs in US need to be inherited due to unfortunate circumstances? Iāve heard the money could be taxed up to 40%, not sure how this applies differently to US citizens and former non-resident aliens.
Iām not a tax expert and donāt know much about inheritance tax but afaik, US only taxes its Citizens and Resident Aliens.
@avj @vik - I have some additional items (a new car, baby crib) after I did my landing thus the GTF might need updates. Is there a way to update the GTF or does it matter as long as the total cost is below the GTF declared one?
In summary - How does one go to updated the GTF sheet after they have done the soft landing?
I am not sure if thereās a way to update GTF once itās stamped during landing.
My guess is you can just declare these items while moving; not sure if they will charge custom duties for that or not. If you are a returning resident who has stayed outside Canada for more than 7 days you are allowed to bring purchases upto $800 worth from outside.
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Not too relevant in this case, but the no-customs-on-goods-worth-800CAD kicks in as soon as once you have been 48 hours outside of Canada.
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When I claimed my car they asked for docs to prove I just arrived and were helpful about it. I donāt think my car was on any GTF.
Nice post Anshul, just wanna know when converting the license fromUSA TO CAN, do we need stamped/attested copy of driving history or online copy with receipt is fine; so that we can get G license directly.
Also do we need to pay taxes if we forgot to declare the CAR when doing landing at first time as i didnāt realize the GTF thing at that time.