How much money can I inherit from overseas?

In Canada, there are no limits to the size of incoming money transfers, so you can receive an inheritance in any amount from overseas.

What's the safest way to receive an inheritance from overseas?

Bank wire transfers are generally considered the safest way to receive a large money transfer, like an inheritance, from overseas. However, bank wires can be slow and expensive. Dedicated international money transfer services are federally regulated in Canada typically adhere to industry-standard best practices for protecting personal data and money in transit. Consider using a service like this if you want to keep costs down.

Do I have to declare my inheritance to the CRA?

Generally, you don't need to declare inheritances on your tax return as income. This is because inheritances are already taxed with the deceased person's estate. Consult a tax professional to find out for sure if any assets you inherit should be declared on your tax return.