what should a Canadian citizen returning from abroad do, for an easy import of (modest) wealth back to Canada from foreign bank?
Hi all,
I've been living in Germany for nearly ten years, but as I get older (still mid 30s) I realize I'd like to be old in Canada, not in Germany. Also I miss my family and am sick of missing out on big events for my dissatisfying career.
To be clear, I'm a Canadian citizen, returning from abroad.
I'm planning to move back to Canada now over the next year, and have some investments in German banks that I'd like to shuffle over to Canada and Canadian banks. The value is not massive, but big enough I want to be sure I do the paperwork right (about 100k CAD).
What information do I need to start collecting from the German bank, to prepare to declare everything appropriately when it arrives to my Canadian bank account? I maintained my Canadian account to facilitate small spending during my visits, so the account exists and I know I can send money to it without issue (usually 500-1000 bucks a year in total, usually much less).
Also, to whom do I report these things and provide these documents? A quick trip to Google swamped me with AI slop and a thousand links that sent me anywhere but to a source with clear steps.
Any tips or recommended readings would be very warmly welcomed.
Bonus question: is there any way to just ... own the same investments, but now in Canada and not in Germany? I'm sure I have to liquidate everything, but I'd love to be wrong about that.