Please help! Cash over $10,000

[mullum]

Hi all,

I'll be landing at Vancouver airport with COPR soon.

I might have to carry cash valued over $10,000 with me.
I know that I need to declare that.
Could anyone please tell me if it will be taxed?

Thank you for your help in advance)

 

[mike06]

I don't believe so. I believe the 10k thing just means you will need to declare it and be able to provide evidence of where you got the cash from ie prove it's not money laundering or illegal funds in any way.

http://www.cbsa-asfc.gc.ca/travel-voyage/ttd-vdd-eng.html

 

[canuck_in_uk]

Hi all,

I'll be landing at Vancouver airport with COPR soon.

I might have to carry cash valued over $10,000 with me.
I know that I need to declare that.
Could anyone please tell me if it will be taxed?

Thank you for your help in advance)

No, it will not be taxed.

 

[spousalsponsee]

Hi all,

I'll be landing at Vancouver airport with COPR soon.

I might have to carry cash valued over $10,000 with me.
I know that I need to declare that.
Could anyone please tell me if it will be taxed?

Thank you for your help in advance)

It will not be taxed.

If you don't declare it, it may be seized, in which case you would have to pay to get it back.

 

[mullum]

Thank you everyone for your reply !!
Much appreciated !!