Gold Jewelry after becoming PR

[Flysis]

Hi Guys,

I have a question regarding bringing gold jewelry after you become PR and travel outside Canada. I moved to Canada on temporary work permit in 2018, became PR in 2020 and now traveling on annual vacations. I intend to bring some gold jewelry from my home town. The jewelry is not new, few years old (bought even before moving to canada on my wedding). I kept it in the safety deposit in bank there but want to move it to canada now.

I want to know what rule applies to me, declaration on more than 10K CAD value or tax/duty on 800 CAD value ? Do i have to fill up B4 form or anything like that ? Will it be taxed ?

Sheeda

I’m also interested in this topic, as I’m considering moving to Canada in the future, so it would be useful to understand how these rules work and what requirements apply when bringing personal jewelry.

 

[Flysis]

Hi Guys,

I have a question regarding bringing gold jewelry after you become PR and travel outside Canada. I moved to Canada on temporary work permit in 2018, became PR in 2020 and now traveling on annual vacations. I intend to bring some gold jewelry from my home town. The jewelry is not new, few years old (bought even before moving to canada on my wedding). I kept it in the safety deposit in bank there but want to move it to canada now.

I want to know what rule applies to me, declaration on more than 10K CAD value or tax/duty on 800 CAD value ? Do i have to fill up B4 form or anything like that ? Will it be taxed ?
I think it's always nice to keep jewelry that has sentimental value, especially pieces connected to important moments like a wedding. At the same time, jewelry styles and options have changed a lot over the years. There are now more affordable choices, such as lab-grown diamonds, which can be a beautiful addition to a jewelry collection. I recently came across these diamond stud earrings https://luxurydiamonds.ca/collections/lab-grown-diamond-studs
Sheeda

I would also like to add that it is important to keep any proof of purchase or documents showing that the jewellery was owned before becoming a Canadian resident. This could help avoid confusion at customs and make the process easier. It would be interesting to hear from someone who has gone through the same situation