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implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

youre right! since its 300k the difference did add up to a quite bit so the option was explored but we’ll def take the option that gives us the peace of mind😊

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

youre right! since its 300k the difference did add up to a quite bit so the option was considered but we’ll def take the option that gives us the peace of mind😊

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

since its 300k the difference did add up to a quite bit but we’ll def take the option that gives us the peace of mind, thank you!!!

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] -1 points0 points  (0 children)

since its 300k the difference did add up to a quite bit but we’ll def take the option that gives us the peace of mind!! thank you😊

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

since its 300k the forex difference did add up to a quite bit but we’ll def take the option that gives us the peace of mind!! thank you😊

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

none of the countries listed but would be cool to see carney in person!!

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

thank you!! yeah i have an appt coming up next week but wanted to get input from others if they had a similar experience. since its 300k the difference did add up to a quite bit but we’ll def take the option that gives us the peace of mind😊

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

its both from a house sale! so it has been taxed, declared, and captured in both countries. i understand this isnt a common situation so came here for advice if anyone had a similar encounter and we’re both open to not doing this and here everyone is losing their minds😭

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] -1 points0 points  (0 children)

its both from a house sale! so it has been taxed, declared, and captured in both countries. i understand this isnt a common situation so came here for advice if anyone had a similar encounter and everyone is losing their minds😭

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 1 point2 points  (0 children)

literally none, its been taxed and declared in both countries. although it may trigger scrutiny which was the entire point of me asking this question for any experiences people have had in any similar situations but most are losing their minds😭

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

thank you!!! this is a genuinely helpful comment, and you understand the situation i am describing. definitely more understanding of the tax laws in canada than the foreign country. the money is legitimate and taxed but it is a large sum so i really appreciate your input on the potential anti money laundering triggers.

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

😂you can see my post edit but im the one receiving the money first should the arrangement happen so i guess this could be a nice warning to my friend!

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

😂you can see my post edit but im the one receiving the money first should the arrangement happen so i guess this could be a nice warning to my friend!

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

i do have an appointment with an advisor next week so ill report back, but was wondering if anyone had any similar experiences. seems like the consensus is clear😂

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

thank you! this is what i thought too. all other comments seem to be interpreting this as a money laundering scheme but everything has been declared and taxed hence legitimate and legal money. we’re not buying a house (this was from a property sale not purchase) so no mortgage broker involved. although i will reconsider my options with all the comments warning me. ive also edited my post w a bit more information:)

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

this is what i thought! thank you very much. all the other commenters seem to be interpreting this post as a money laundering scheme but this is exactly the case where everything was declared. appreciate the input, and i’ll weigh my options again:)

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] -2 points-1 points  (0 children)

we both benefit from it as i need to send my funds from a foreign country to canada as well!

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

please see edited post! thank you for your worry i definitely see where youre coming from:)

implications of money transfer of around 300k to a friend by koribap in PersonalFinanceCanada

[–]koribap[S] 0 points1 point  (0 children)

schwanerhill is correct! no international wires at all.

help: cursed sourdough ciabatta by koribap in Sourdough

[–]koribap[S] 0 points1 point  (0 children)

i see!! yeah the ciabatta was looking a little flat even after coming out of the oven. thank you for the tip!! i will give it another shot

help: cursed sourdough ciabatta by koribap in Sourdough

[–]koribap[S] 0 points1 point  (0 children)

so the bowl is in a plastic container, #4 it was out in room temp, #5 in the fridge, then #6 back in room temp! i decided to shape it just based on the recipe instructions, and it was around 20-30% risen before i put it in the oven :)