Bring money to Canada

[lego9247]

I have landed Toronto year ago and stayed for few days only. I just brought money for the expenses used in those few days. In June, I will move to Toronto for good. This time, I want to bring with my savings. What is the best way to bring my money? Should I need to make any declaration?

Thanks,

Jeff

 

[Bs65]

If you bring cash and the amount in total of any currency in your possession comes to 10000 CDN or more you need to declare to CBSA. If travelling as a family with 10000 or more cash you still need to declare. If you declare cash you can bring as much as you want into the country although most people would be wary of travelling with too much cash.

For savings in a bank then use a bank to bank transfer, there are a few Canadian banks where you can open an account from outside Canada or of course open an account when you arrive and complete any transfer when you are in Canada, that would be my chosen option.