Over 10k CAD on entry

[maou556]

Hey,

I am planning on landing with arount USD 70,000.

The funds are legitimate, and i can provide payslips from my employer (overseas subcontractor) and bank statement with all the withdrawals for the past year which exceed USD 70,000.

Would that be enough proof at landing? I will of course be declaring the funds

Thanks!

 

[Nneoma.muna]

Hey,

I am planning on landing with arount USD 70,000.

The funds are legitimate, and i can provide payslips from my employer (overseas subcontractor) and bank statement with all the withdrawals for the past year which exceed USD 70,000.

Would that be enough proof at landing? I will of course be declaring the funds

Thanks!

don't try it. it will be seized at the airport and you will have a lot of legal hurdle to jump to get it back.

 

[ImpatientAlligator]

Hey,

I am planning on landing with arount USD 70,000.

The funds are legitimate, and i can provide payslips from my employer (overseas subcontractor) and bank statement with all the withdrawals for the past year which exceed USD 70,000.

Would that be enough proof at landing? I will of course be declaring the funds

Thanks!

Shouldn't be an issue as per the CBSA guidelines. If they have to count it, ask them if it's possible to go to a room to do the counting for privacy.

Why are you carrying it as cash though? It will be safer if you transfer it to some prepaid debit card and bring that.

 

[hdcanada_10]

Suggestion - Open an International account with Scotia and wire-transfer the entire sum and maybe keep CAD$1K-2K on your person?

 

[steaky]

don't try it. it will be seized at the airport and you will have a lot of legal hurdle to jump to get it back.

No, it wouldn't be seized. Just need to make declaration.

 

[maou556]

Suggestion - Open an International account with Scotia and wire-transfer the entire sum and maybe keep CAD$1K-2K on your person?

Shouldn't be an issue as per the CBSA guidelines. If they have to count it, ask them if it's possible to go to a room to do the counting for privacy.

Why are you carrying it as cash though? It will be safer if you transfer it to some prepaid debit card and bring that.

Problem is i live in a place with an economic collapse and literally no one's leaving the money in the banks.. as soon as you get paid you withdraw it and hide it.. using the banks would be risky and transferring now incurs huge fees.. which is why i'm trying to take as much as i can with me.

 

[ImpatientAlligator]

Problem is i live in a place with an economic collapse and literally no one's leaving the money in the banks.. as soon as you get paid you withdraw it and hide it.. using the banks would be risky and transferring now incurs huge fees.. which is why i'm trying to take as much as i can with me.

Shouldn't be an issue with the CBSA provided you declare and have the documents. Your primary concern would be safety - try to keep it as close as possible and avoid taking it out in public if you can. Also, check your own country's laws on taking out cash. Some countries have restrictions on that.

 

[aamool]

No, it wouldn't be seized. Just need to make declaration.

This is correct. The declaration you need to make is essentially a measure against money laundering/etc. 10k is not really a huge amount in the scheme of things and no one will bat an eye lid.