When we sell our home in USA we plan on relocating to Ontario Canada,. we are dual citizens usa/cdn
We plan on opening a Canadian bank account maybe 2 months before we move, I have already reached out to TD in ontario, no problems opening a acct for cross boarder.
Hoping we get $300k us$ which will be deposited in our USA bank acct..............sorry if this is a stupid basic question but .....
How is that money transferred to Canada , do we transfer before we leave USA, do we transfer when we find our new home in Canada ( which will be about 3 months after we move, we plan on living with family for a while, that way we can buy our home after all the craziness of moving is done...household goods will be in storage)
Will TD CDN ask were all this money come from ??? of course I will have all the paperwork from the sale of the house in USA...ALSO I think we will transferring to TDAmeritrade for retirement accts , and for cash accounts, so we will deposit the funds form the sale of our home in USA to TDameritrade then transfer to TD in Canada .
So it will be TDameritrade transferring to TD in canada I am not sure if this makes any difference ???
Thank you for any input on transferring large us $$ to canada.