You need to declare, if monetary instruments exceed $10k. There’s no problem to declare and sometime they dont ask you anything after you declare
Some doubts before travelling to Canada
- Thread starter andrews17
- Start date
Bank drafts are monetary instruments. Bank statements are not. If the combination of your draft and cash exceeds $10k, you should declare. There's no issue at all with declaring - you simply just tick a box to indicate you are bringing in more than 10k.
That's easy .. but issue is rule ..what are you all reading? I mean to say there shd be clarity of rule and inclusions and no one has replied what is an exact answer .. Also, if one is only
Right.. only you have understood my query .. well clarified .. now what was my other consideration that; proof of funds - shd bank certificate plus statement only be enough or draft is mandatory as many have written that we need to carry all three including draft .. Thanks for reply and do reply this other query ..really grateful.
Ohhh right ..actually people who have reached are writing in groups n vlogs n all other platforms that draft is mandatory as it will be easy to show as converted currency proof and required there after ..
Hi,
I apologise if this is a irrelevant. I have also put this query in Work Permit section but did not get any answer.
I would like to know about the withdrawal of money that we deposit in our bank account to prepare bank statement for work permit application (proof of funds)
At what stage we are able to withraw it and how much amount (partially or whole)?
i.e
After the bank statement is submitted to IRCC or
After the application is approved or
After we arrive in Canada?
I apologise if this is a irrelevant. I have also put this query in Work Permit section but did not get any answer.
I would like to know about the withdrawal of money that we deposit in our bank account to prepare bank statement for work permit application (proof of funds)
At what stage we are able to withraw it and how much amount (partially or whole)?
i.e
After the bank statement is submitted to IRCC or
After the application is approved or
After we arrive in Canada?
I guess we shouldn't touch it ideally till we reach..
Maybe for people from certain regions/countries but not for everyone. I don't know anyone in my circle who still uses bank drafts. For my proof of funds, I had only my bank statements, and Forex cards (prepaid) receipts. I didn't bring much cash at all (only USD$600). I was not questioned at all regarding my funds.
If people from your country who have travelled believe it's best for you to have bank drafts, perhaps you should heed their advice as our experiences differ.
Yesss well fed information.. agree .. draft is only a converted proof I guess and not a requirement. If I have cash with receipt..it is OK to go .. yes, may be ppl from India do carry drafts ..
5x plus $700 Usd .. how you had more than $10,000?I was quite confused about this aspect. I brought it 5x that amount but on prepaid cards (actual cash was just about $700USD). I indicated on the digital form (those machines that you complete your details on at the YYZ) that I came in with more than $10k and that was it. It didn't ask in what form the money was in or anything like that. Also, no one asked me to show them the money or cards or even asked me about how much money I brought. The only thing they were concerned about was whether I had raw meat or dairy products in my luggages.
I'm worried now about depositing the money in my newly opened account cos I didn't really get a chance to "declare" it upon entry.
The rule is simple, if you're bringing in more than 10k cad, you declare it at the customs. I don't see what's so hard for you to get
More than 10k = declare
Less than 10k = no need to declare
No is this exactly what you asked
If more than 10k, you need to declare. Are you trying to avoid declaring? If you do not declare it , Canadian customs can seize your money for criminal investigations.
Why would I avoid .. how can one avoid? Why would I even want to think that? .. Really which of my word made you think so .. it's so disturbing.. let's close the query here ..