Hi there,
As per the title I moved to Japan just last week with a spouse visa. My wife and I owned a house in Canada and sold it. We now want to buy a house in Shizuoka with the money that is still in my bank account in Canada. Neither my wife or I are employed in Japan yet but we have more than enough money in my Canadian account to buy a house in Japan and live for several years.
We opened bank accounts here with Shizuoka Bank, which is where we live.
What is the cheapest way to transfer the full cost of the house to Japan? I looked up Shizuoka Bank's transfer fees and they mention a 0.05% fee. That would be absurdly expensive if I transfer the full price of a house.
Also, I'm assuming I won't be taxed on the money I transfer to Japan but I'm not sure.
Can anyone provide me with advice or information regarding transfer fees, or cheaper methods of transferring funds from my Canadian account? Or any info regarding any tax issues I might face?
Any info is greatly appreciated!!!
by _Lodesa_