" but I am still left with some which is more than $100,000."
“Are there any tax implications on the money I already transferred and the remaining amount that I want to transfer in near future.”
So this taxpayer immigrated to Canada “a couple of year back” and retained over C$100,000 funds in a foreign country (UAE).
There are quite a number of postings on this board which decisively prove that “Cheap is (very) Expensive”, and this is another one of them.
Ideally, this taxpayer should have retained a CPA for (at least) his tax preparation in his year of immigration, in order to assist him in keeping him on the right side of tax law.
As it is, he has now apparently failed to file his T1135 for prior years, and therefore, if this is the case, will be assessed a penalty of $2,500 on each late one, plus interest.
In addition, he may or may not have failed to report income earned on those foreign funds on his Canadian T1 in those prior years. If not previously reported, his prior year tax returns will need to be reassessed.
Luckily, with the 2019 tax return, he still has some 8 days or so to file his T1135 for the 2019 tax year, so he will be able to avoid an additional penalty if filed correctly.