Hope you can help me out with this >_<
Making my first landing soon.
However, REGARDING Proof Of Funds, I'm completely unsure about this.. i will be travelling with my son and the required POF is ~14,000 CAD.
If we bought 2 bank drafts for $7,000 and I carried one while he carried the other, would both of us still need to fill in the form E667 for amounts above CAD 10,000??? Im a bit confused because the total we are bringing in is ABOVE 10k, but between each of us, we are carrying less than 10k each... would we still need to fill the forms?
Would appreciate any advice/previous experience on this, thanks so much!
I have received an interesting reply regarding your issue. Canadian Border Agency is saying that if total funds $14000 belong to you then you should not give half to your son and carry the whole amount yourself and in your own name and do not try to avoid paper work. Here is the reply
The Canada Border Services Agency (CBSA) appreciates your interest in ensuring that you meet the cross-border currency reporting requirements upon your arrival in Canada. As you may be aware, the CBSA is responsible for the administration and enforcement of Part II of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Part II requires the reporting of currency or monetary instruments in the actual possession of a person arriving in or departing from Canada. Each traveller is responsible for his or her own declaration.
There are no restrictions on the amount of currency or monetary instruments that you can bring into or take out of Canada, nor is it illegal to do so. However, you have to report to the CBSA amounts equal to or greater than CAN$10,000 or the equivalent in foreign currency. It is very important that currency and monetary instruments be declared properly. If the funds you are bringing into Canada belong to you, then you and you alone are responsible for their declaration. You should not delegate funds to family members simply to avoid paperwork. Misrepresentation and false declarations are serious CBSA offenses.
If you require further information on the CBSA's Cross Border Currency Reporting Program, please visit our Web site at www.cbsa-asfc.gc.ca/security-securite/cbcr-dmte/menu-eng.html
You can fill out the necessary document, Form E677 – Cross-Border Currency Reporting, in advance, ensuring that you sign it only in the presence of a CBSA border officer. Form E677 may be found here: http://www.cbsa-asfc.gc.ca/publications/forms-formulaires/e677.pdf
We suggest that you contact the Border Information Service (BIS) should you require further clarification. You can access the BIS line free of charge throughout Canada by calling 1-800-461-9999. From outside Canada, you can access the BIS line by calling 204-983-3500 or 506-636-5064 (long-distance charges apply). If you call during regular business hours (8:00 a.m. to 4:00 p.m. local time, Monday to Friday, except holidays), you can speak to an agent by pressing “0” at any time.
We trust that this information is useful to you and thank you for contacting CBSA.
Sent: August 31, 2011 3:00 PM
To: Contact @ cbsa.gc.ca
Subject: urgent query **15034**
Dear Sir / Madam,
First of all be very kind in replying to my email.
I have a general query. I and my wife have got Canadian Permanant resident visa recently. My question is about filling the declaration card when we arrive in canada? http://www.cbsa.gc.ca/publications/forms-formulaires/e311-eng.pdf
As the funds required for 2 people is $13,837 so my wife and me each will be carrying a bank draft of $7000 each.
We both will be filling just one landing card as we are together. When filling the card should I answer yes or no to the following question ?
"Currency and/or monetary instruments of a value totalling CAN$10,000 or more per person"
I assume we should say no to this question as per person we are carrying $7000 which is less than $10,000.
Please correct me if I am wrong.
Hope to hear from you soon and thanking you in anticipation.