How much money can we bring ?
- Thread starter DGP
- Start date
> So if I declare above 10k CAD will this be subjected to tax?
I don't think so... but please seek someone else's advice
I guess that this type of declaration have things to do with money laundering... but not taxes.
(not sure... someone please confirm).
Mary
I don't think so... but please seek someone else's advice
I guess that this type of declaration have things to do with money laundering... but not taxes.
(not sure... someone please confirm).
Mary
Hi
Yes, it is for money laundering and there are no taxes.
PMM
Mary2009 said:> So if I declare above 10k CAD will this be subjected to tax?
I don't think so... but please seek someone else's advice
I guess that this type of declaration have things to do with money laundering... but not taxes.
(not sure... someone please confirm).
Mary
Yes, it is for money laundering and there are no taxes.
PMM
I just returned home from landing in Toronto about 2 weeks ago. the Immigration officer did ask if I had any proof of funds, I said yes and wanted to provide him with a copy of my bankaccounts and suddenly he said that it wasn't needed!
So, I stood there, got a few papers in my hand and had some 1500,- dollars in my bag which I had bought right before my departure and just in case and he only asked if I had any cash with me, I said yes, how much it was and I showed him the money. He wrote that down and that was IT!
I was directed to the custom declaration officer and when I handed in my proof of funds, she refused it and said that I had to take pictures of all the goods and note down the serial numbers of laptops, camera, rugs (silk or wool etc) and may hand it in next time I travel to Canada!
and there I was, out of the airport in a few minutes only! and I was the only one at the airport it seemed!!! NOBODY else around...
So, I stood there, got a few papers in my hand and had some 1500,- dollars in my bag which I had bought right before my departure and just in case and he only asked if I had any cash with me, I said yes, how much it was and I showed him the money. He wrote that down and that was IT!
I was directed to the custom declaration officer and when I handed in my proof of funds, she refused it and said that I had to take pictures of all the goods and note down the serial numbers of laptops, camera, rugs (silk or wool etc) and may hand it in next time I travel to Canada!
and there I was, out of the airport in a few minutes only! and I was the only one at the airport it seemed!!! NOBODY else around...
