British-Canadian living in UK: do I need to report CAD Wise account to HMRC?
Hello, I'm a Canadian who has been living in the UK for almost 15 years and is fully settled here (also now a citizen). I am declared non-resident in Canada for tax purposes.
I have recently opened up CAD account details in my Wise account to make it easier for family to send me money here (mainly small monetary gifts for holidays and birthdays, primarily for my daughter).
I have just realised there might be some tax implications for this? Do I need to declare this account or any deposits to HMRC as "foreign income"? Thank you!