What i understood is:
1. A family (2 adults, 1 minor) with Canada PR visa can carry- 7,000x2(Adults)=14,000 USD + 3,500x1(Minor)=3500 USD (total 17,500 USD ~ 21,336 CAD). Am i right?
2. Out of each 7,000 USD for an adult, can carry cash upto 5,000 USD??