POF at the time of landing

[amar_gill]

Hello friends,
i mentioned amount of Pof in my file as 12500 but my account had 13000 at that time as per the currency rate so in LOE i mentioned approx 13000Cad.
So now should i take 12500 or complee 13000 as now the same amount equals to 12600 something.

And to get travellers cheque i need to deposit some more amount in my account as the bank exchange rate is bit more than market rate ( i guess they add their duties etc to it) that will reflect in statement can it cause any issue at Landing time?

What documents i need to have at landing time for PoF. I am planning to take:
Travellers cheque
Bank statement
And receipts for the dollars i will have in cash

Is there any other doc that will be required.

Thank you.

 

[VKM25]

Hi, I too have same query about POF while landing. Can anyone help us out?

 

[21Goose]

Take as much as you like as long as it's above the minimum required. You can take $25,000 or $250,000 and they won't care. They need to know that you have the minimum, that's all.

At landing, the CBSA officer will ask you how much money you're bringing to Canada. Most of the time, they will simply accept your answer and not ask for any documents - however, it is a good idea to carry a bank statement in case they want to see it. If they ask, and you don't have it, it can delay your entry. So keep that with you.

You don't need a travelers' check or a receipt for the money you're carrying in USD. Take those along if you like, but it doesn't matter. The bank statement is enough.

Also, in case you're carrying more than $10,000 in cash or on your traveler's check, make sure you declare that. It's perfectly legal to carry large amounts of money into Canada while landing, but you have to declare amounts over 10,000 if they are in cash or cash equivalents. Read this link

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

I would keep it simple and just put all your money into your bank account. Make sure it's above the minimum CAD required, get a bank statement, and you're all set.

Maybe carry $2000 or so in cash just for the first couple days while you get your bank accounts set up. Once you have an account (this takes a couple hours, no more), you can arrange for a wire transfer from your foreign bank.

 

[amar_gill]

Take as much as you like as long as it's above the minimum required. You can take $25,000 or $250,000 and they won't care. They need to know that you have the minimum, that's all.

At landing, the CBSA officer will ask you how much money you're bringing to Canada. Most of the time, they will simply accept your answer and not ask for any documents - however, it is a good idea to carry a bank statement in case they want to see it. If they ask, and you don't have it, it can delay your entry. So keep that with you.

You don't need a travelers' check or a receipt for the money you're carrying in USD. Take those along if you like, but it doesn't matter. The bank statement is enough.

Also, in case you're carrying more than $10,000 in cash or on your traveler's check, make sure you declare that. It's perfectly legal to carry large amounts of money into Canada while landing, but you have to declare amounts over 10,000 if they are in cash or cash equivalents. Read this link

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

I would keep it simple and just put all your money into your bank account. Make sure it's above the minimum CAD required, get a bank statement, and you're all set.

Maybe carry $2000 or so in cash just for the first couple days while you get your bank accounts set up. Once you have an account (this takes a couple hours, no more), you can arrange for a wire transfer from your foreign bank.

Thank you, soo much for your response and the guidance. the declaration means we only have to fill the amount on declaration card right? Do we need any other proof to tell from where we got the money? Like I will be having a bank statement for last 6 months.

I will be depositing some more money to my account and that will come to the statement will it cause any issue. the original amount is as it is in the account since the APR.

 

[21Goose]

Thank you, soo much for your response and the guidance. the declaration means we only have to fill the amount on declaration card right? Do we need any other proof to tell from where we got the money? Like I will be having a bank statement for last 6 months.

I will be depositing some more money to my account and that will come to the statement will it cause any issue. the original amount is as it is in the account since the APR.

You only need to fill the declaration card if you're carrying $10,000 CAD or more in currency or monetary instruments. If the money is sitting in your bank in your home country, and you have less than $10,000 on you, you don't need to declare it on the form. This is not related to your PR - this is the law for anyone entering or exiting Canada, including citizens, tourists, etc.

The CBSA officer who processes your PR paperwork will ask you how much money you're bringing to Canada for your landing and settlement. This is where you tell them something like this :

"I have $2000 in cash, and I have another $15,000 in my foreign bank account, which I will wire over to my Canadian account as soon as I open it".

They may ask to see a bank statement - they usually don't, but they may, so carry one. More money is never a problem. Less than the minimum required is a problem.

 

[amar_gill]

You only need to fill the declaration card if you're carrying $10,000 CAD or more in currency or monetary instruments. If the money is sitting in your bank in your home country, and you have less than $10,000 on you, you don't need to declare it on the form. This is not related to your PR - this is the law for anyone entering or exiting Canada, including citizens, tourists, etc.

The CBSA officer who processes your PR paperwork will ask you how much money you're bringing to Canada for your landing and settlement. This is where you tell them something like this :

"I have $2000 in cash, and I have another $15,000 in my foreign bank account, which I will wire over to my Canadian account as soon as I open it".

They may ask to see a bank statement - they usually don't, but they may, so carry one. More money is never a problem. Less than the minimum required is a problem.

It really helped and cleared many things that were floating in my mind. I am sure it will help others also.


Thank you so much...

 

[preet14]

You only need to fill the declaration card if you're carrying $10,000 CAD or more in currency or monetary instruments. If the money is sitting in your bank in your home country, and you have less than $10,000 on you, you don't need to declare it on the form. This is not related to your PR - this is the law for anyone entering or exiting Canada, including citizens, tourists, etc.

The CBSA officer who processes your PR paperwork will ask you how much money you're bringing to Canada for your landing and settlement. This is where you tell them something like this :

"I have $2000 in cash, and I have another $15,000 in my foreign bank account, which I will wire over to my Canadian account as soon as I open it".

They may ask to see a bank statement - they usually don't, but they may, so carry one. More money is never a problem. Less than the minimum required is a problem.

Sir Mine is also similar case

I mentioned 12500 in my file but now with the fluctuation, it is only required amount 12300 so can I take 300 in cash and tell them that I will wire 12000 later on once I get an account in Canada or take a traveler's cheque for 12000CAD with me.