I have a slightly less common situation.
I will have to do a soft landing next month and claim my PR, then move back to the US immediately & might take a year to 18 months (due to family reasons, finances, etc) to move to Canada permanently .
I have a few questions that I will number below (for ease). I’d appreciate your time taken in answering them or referring to some website or info out there.
I understand I have to declare all my personal belongings , finances, etc. that I will be bringing to Canada so that I won’t be taxed on those .
I remember reading that applies only for stuff & assets brought in to Canada within 12 months of the landing date.
Is that Correct ?
If that’s the case, what would be the implications if I were to move 15-18 months after my landing date ?
Also, when it comes to finances, did everyone just sell all their Non-Canadian assets (shares , property, bonds, etc.) soon after immigrating ? That seems unlikely to me . What was your experience in selling those assets or transferring money to Canadian bank accounts a few years after “landing” in Canada ?
If you are undecided about which Province you will eventually live in , then is there any tax implications in landing in one province vs another , for soft landing ?
I do not plan to land in Quebec . I do not have a Provincial nomination . But I want to understand if it’s better to land in say Calgary as opposed to Vancouver .
Do they not send physical SIN cards any more ?
Is it possible to open a bank account the day of landing after getting a SIN but not having a permanent Canadian address ?