Wire Transfer to US from Canada for House - Tax Implications

[kthomas]

Hi All,

I'm a Canadian citizen, that was working down in the US (O&G) and just got transferred back to Canada (Canadian resident for the time being). I have an American wife, who is currently residing in the US, and I am working on getting a green card so that I can be back state side with the wife.

The wife and I are looking at buying a house in Arizona (where she currently resides), and she is pre-approved for the mortgage for the price range we want to buy a house in. Her savings is low, as she just finished paying off her school debt from med school. I have a decent amount in savings, but the problem is, it's sitting in my Canadian bank account in CDN $.

My plan is to wire down money to our joint US bank account, but I want to know if there is any tax implications from the US side. There is no implications from the Canadian side. Amount will be between $50-70K USD.

Thanks in advanced for the help.

[nelsona]

No tax implications or any other. What made you think there was?

[kthomas]

Thanks!

This would be my first time ever doing a wire transfer across international borders - just wanted to make sure I wasn't going to incur any sort of costs that I may not be aware of.