What is the limit on CAD amount to bring when coming to live(3rd landing)

[gd]

Hi,

My family and I will be coming to live in Canada permanently this summer. We made our initial landing in 2009 and returned to where I work currently.

I am aware that that one should declare if he/she carry over CAD 10,000 during the first landing.

Does this limit apply to PRs everytime they enter Canada?

My question here is: If I carry say CAD 15,000 when I enter Canada this summer:
a) Will this be allowed according to Canadian immigration rules? If not what is the limit?

b) Where should I declare this when I enter from Toronto airport? (Because, I will not be going to the immigration area as I did during my first landing)

I appreciate for your feedback on this.

Regards


gd

 

[steaky]

There's no limit on how much each time you can bring or carry into Canada. But if you are carrying over CAD10,000 you would need to declare in the arrival form.

 

[qorax]

Steaky is right... u can bring-in box loads if u can prove it's legitimate source.

 

[New Ontarian]

And this would be taxable? (for someone who is returniong back as a PR)

What if i own a house or investment outside Canada, those would have to be declared on return?

 

[qorax]

1. And this would be taxable? (for someone who is returniong back as a PR)

2. What if i own a house or investment outside Canada, those would have to be declared on return?

1. No tax/duties/levies... u get to bring-it-in Free of charges.
2. If u declare - YES, it becomes your overseas income... we r required to pay for our 'Global Income'*.

Qorax
*Unless they have a Tax Treaty between the countries.

 

[steaky]

I agree with qorax. Also, if you sell your house or investment outside Canada at a loss, which is a capital loss, you can offset future capital gains in another investment if u declare.

 

[gd]

Hi everyone!

Thanks guys! You guys are doing a great service to people who are uncertain on important things while migration.

gd