Tax Implications of Landing mid-year

Trent · Post by **Trent** » Mon May 05, 2008 11:44 pm

My wife and I are planning to land in Canada in July/August. A few questions:

1 - Which country will we be considered the main resident for tax reasons?

2 - If the answer is Canada, will we be taxed on the apartment we sold in February?

3 - Is there a downside to transferring money to a Canadian bank account months before we actually land?

Any help is appreciated. Thanks

nelsona · Post by **nelsona** » Sun May 11, 2008 9:02 pm

You need to read the "Newcomers" guide from CRA.