How much CAD can a PR holder bring during landing and later

[yalgar]

Is there a limit on the amount of CAD a PR holder can bring into Canada during landing?
He is under family class criteria

 

[KBH]

Assuming you mean cash - there is no limit, but if it is over $10,000, it needs to be declared (so it will be on record that he brought that much money into the country). There is no duty or tax or anything of that nature.

 

[Miraclejj]

Assuming you mean cash - there is no limit, but if it is over $10,000, it needs to be declared (so it will be on record that he brought that much money into the country). There is no duty or tax or anything of that nature.

Not just cash, but all the instruments combined, such as if you bring in cash, bonds, traveler's check and etc., when you land, and if their value are over 10K, you need to declare them to CBSA.

 

[yalgar]

Not just cash, but all the instruments combined, such as if you bring in cash, bonds, traveler's check and etc., when you land, and if their value are over 10K, you need to declare them to CBSA.

Thanks.. and its non taxable . right?

 

[zardoz]

Thanks.. and its non taxable . right?

Correct. However, you might find it just as easy to wire transfer the bulk of it. Then if you keep the hand carried amount below CAD 10,000 there is no requirement to declare at all.

 

[yalgar]

Correct. However, you might find it just as easy to wire transfer the bulk of it. Then if you keep the hand carried amount below CAD 10,000 there is no requirement to declare at all.

Thanks,.., Does that come under foriegn income?

 

[zardoz]

Thanks,.., Does that come under foriegn income?

No. This is simply liquid asset transfer.