Hello Everyone,
I have something that has been bothering my mind for a while now. So i plan to land in Toronto Canada soon.
And i am hoping to have about 15000 USD cash with me.
I know that CIC says that if you have above 10,000 cad you have to declare it or risk going to prison.
My question is this what is the process of declaring this funds. Is it a crime to have above 10k declaration or not ??
I do not want to transfer due to the enormous bank charges. I would rather just carry my money cash and pay it into an account in Canada
I have something that has been bothering my mind for a while now. So i plan to land in Toronto Canada soon.
And i am hoping to have about 15000 USD cash with me.
I know that CIC says that if you have above 10,000 cad you have to declare it or risk going to prison.
My question is this what is the process of declaring this funds. Is it a crime to have above 10k declaration or not ??
I do not want to transfer due to the enormous bank charges. I would rather just carry my money cash and pay it into an account in Canada