I was born in Canada, but have lived in Japan since I was 7 months old, with my mom (Japanese citizen). I currently hold a permanent resident card for Japan, and don't plan on giving up my Canadian citizenship.
When my dad passed away, he left a large sum of money that was transfered into the Canadian (Bank of Nova Scotia) bank account my parents opened when I was born. Lots of late night calls have got my bank account information sorted out, so I can access my Canadian account from Japan, but I'm wondering if this is best practice and if I should close it? Since gaining access to the account, I've been putting in a wire transfer for smaller amounts of money whenever I need it. I recently hooked up a Paypal account to the Canadian account (Japanese banks don't really like or accept Paypal) to accept money for my side business.
Should I keep doing what I'm doing or transfer all the money over to my Japanese account and close the Canadian one? In terms of taxes, my aunt who still resides in Canada takes care of that account come tax season, so I've never had to worry about that.
Submitted April 24, 2017 at 03:03AM by Kanadanonaitomea http://ift.tt/2p8uIJD
