Making very simple for ppl having POF/carrying amount query:
Per PP/passport - major/minor $10,000 are allowed without any check/verification/questions. It could be in multiples of either :
•cash
•securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
•negotiable instruments in bearer form (for example, bankers' drafts, cheques, travellers' cheques or money orders).
If intending to bring/carry more than $10000 per PP, tell/declare a Canadian official when you arrive in Canada. A declaration card/form is assigned on that part, you also have to declare currency ... totaling more than CAN$10,000.00 . Failure to do so could result in penalties, seizure and/or prosecution.
CBSA = Canada Border Services Agency
If you fail to declare currency or monetary instruments (signed travellers cheques, bonds, etc) EQUAL TO OR MORE THAN $10000 CAD, then it will be seized under the "proceeds of crime (money laundering) and terrorist financing act". If you have LESS than that, you have no requirement to declare it. You may be asked to show it as part of the Immigration interview.
