I apologize for my ignorance but I seriously have no idea how this works. I recently watched a few videos on bonds but I wasn’t able to figure out the exact rules in Japan.
My mother-in-law has bought a bond of ¥80 million from a car company paid at 4% semi-annually which she wants to send to us (we live in Canada). She bought the bond but has no idea how bonds work and instead just told us to make a few decisions. We also plan to move back to Japan in 2-3 years.
**So, my questions are the following**:
1. Should we just keep the money in Japan or should it be transferred overseas?
2. Should we receive it in USD or Japanese Yen?
3. Should my wife (who is Japanese) receive it in her account while she is abroad? She has a basic Sony Bank checking account.
4. Would we need to pay taxes in Canada (now) or in Japan (in the future)?
Thank you for reading.
by macross-boy