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Author Topic: timing of wiring money to Canada  (Read 905 times)
bli
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« on: May 19, 2011, 03:19:21 am »

We are US citizens and we will move/immigrate to Canada as Canadian Permanent Residents in the coming summer.  We are planning to wire most of our savings (over $10000) over to Canada but we have some questions regarding the timing of the steps.

- Do we land first and put down the amount we are going to wire as "goods to follow"?
- and then wire the amount over after we land?
- and how about the Form E677?  when do i submit that?  and to who?
 
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steaky
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« Reply #1 on: May 19, 2011, 09:57:20 pm »

It's really up to you when to bring (wire) your savings (whatever amount) to Canada.

Of course, when you find yourself a dream home in Canada (like me), you would like to have funds to secure it. Grin
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qorax
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« Reply #2 on: May 19, 2011, 11:08:15 pm »

We are US citizens and we will move/immigrate to Canada as Canadian Permanent Residents in the coming summer.  We are planning to wire most of our savings (over $10000) over to Canada but we have some questions regarding the timing of the steps.

- Do we land first and put down the amount we are going to wire as "goods to follow"?
- and then wire the amount over after we land?
- and how about the Form E677?  when do i submit that?  and to who?
 

- The form B4 is for "goods" to follow - not for "funds".
- U can't wire transfer funds w/out a Canadian Bank A/c.
- What is that [form E677]?
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bli
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« Reply #3 on: May 20, 2011, 02:29:34 am »

Form E677 - http://www.cbsa-asfc.gc.ca/security-securite/cbcr-dmte/faq-2-eng.html

We have a Canadian bank account already.  So should I still mention the amount of money in the "goods to follow" list?  and just wire the money over from US to Canada after I land?
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qorax
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« Reply #4 on: May 20, 2011, 09:33:28 am »

Form E677 - http://www.cbsa-asfc.gc.ca/security-securite/cbcr-dmte/faq-2-eng.html

We have a Canadian bank account already.  So should I still mention the amount of money in the "goods to follow" list?  and just wire the money over from US to Canada after I land?

1. U cannot quote 'funds' in the 'Goods to Follow' form/s.
2. That form isn't required to be 'pre-filled'. At the POE u'd get a 'declaration card' - use that for enumerating the funds.
3. If u already have a Canadian bank a/c - wire transfer the funds before u move - obtain the current bank statement - show it to the BSO.

Qorax
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Canooknic
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« Reply #5 on: May 21, 2011, 09:01:45 pm »

It's really up to you when to bring (wire) your savings (whatever amount) to Canada.

Of course, when you find yourself a dream home in Canada (like me), you would like to have funds to secure it. Grin

I found mine today!! A fabulous duplex in Stony Plain, we're sorting everything out now so we can get a mortgage and then choose a plot....I'm so excited!!
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Can't believe I am finally livin' the dream!!!
steaky
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« Reply #6 on: May 22, 2011, 11:11:27 am »

I found mine today!! A fabulous duplex in Stony Plain, we're sorting everything out now so we can get a mortgage and then choose a plot....I'm so excited!!

Congrats!  Yes, it's very exciting.
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