Your fastest and easiest option would be to do a smiple bank transfer to your Swiss bank account.

HI Verbier,

Thks for your feedback.

However I need a bit more information such as the upper limit after which a fiscal declaration will be mandatory, difference between WesternUnion, a Bank Transfer, travelling with cash, or using same bank but with two bank accounts in the respectiv countries ...

There is no fiscal declaration required in CH unless you file taxes (C permit) that cover your net worth. Yes there is a very small wealth tax in CH. If you are on a B permit (taxed at source) they do not apply the wealth tax.

For any large transfer, your CH bank will ask you the origin of the funds. They have to do so because of the money laundering/terrorism laws. Just tell them you sold your CDN home (may have to show some paperwork). and you are ok.

Any large transfer via Western Union will raise flags. Will require more proof/explaination of source of funds. Why are you using Western Union etc.

Under CDN law, you are not allowed to travel with more than C$ 10'000 cash unless it is documented/declared (so what is the interest). You can bring in as much cash to CH as you want (but you would be taking a risk of carrying so much cash). The issue will be with the CDN side of things.

You will get your best  C$ /CHF exchange rate via a bank transfer.

Hei,

the best thing is to transfer through a actual bank (most larger banks in Canada will serve as a broker). This is the safest and cheapest way to do this (I asked some questions to people I know who have been in real estate for decades in Canada and who have had many clients move to and from Europe). Using a company like western union will cost more and has more risk (a few years ago some people ended up losing all their money from transfering money through companies that ended up going backrupt, not as likely to happen now. It however is very unlikely to occur should you transfer through a more established canadian bank).

Also you will have to pay taxes on the rental income if you have been renting it out for five years while in Switzerland (make sure thats been taken care of), and as you know you anything over 10 000 must be documented and declared as Verbier pointed out.

Hi,

Many thanks to Verbier and Pia for their respons.

Thus, if I summarize... get as far as possible from Western Unions and others and stay with traditional Bank2Bank transfer, keeping in mind that while it's going to be easy to justify this is not money loundry +I'll be sourced taxed in Canada, I will still be under the CH wealth tax governance (as I'm a "C" permit since a couple of months now).... amount to be investigated !

An option is of course to bring back as much cash as possible with me to reduce that amount of money being considered for Wealth tax .. ie $9'999 ;).

We are on business :)

Sylvain

Why are you going to be sourced taxed in Canada if you are a non-resident?

You can open an CAD denomited account in CH. Careful with the exchange rate.