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Disclosure of funds upon first landing
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Topic: Disclosure of funds upon first landing (Read 651 times)
mehmeh
Member
Posts: 15
Disclosure of funds upon first landing
«
on:
June 19, 2007, 03:00:50 am »
Upon my first landing in Canada, if I brought with me some cash (below $10,000) and certificates of time deposits from my previous residence country (more than $10,000), do I still have to disclose these funds with CBSA office? Thanks!
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thaiguy
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Posts: 1183
Re: Disclosure of funds upon first landing
«
Reply #1 on:
June 20, 2007, 07:59:50 am »
"...do I still have to disclose these funds with CBSA office?"
You have to report cash and negotiable instruments if they total CAN$10,000 or more.
If your "certificates of time deposits" are non-negotiable (which is normally the case), you don't have to include them in the the CAN$10,000 reporting requirement.
Therefore, it sounds like you don't have to declare anything.
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