er2d2g
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- Feb 12, 2012
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To add to the above you need to declare more than 10,000 dollars per person. so if the amount is less than that you don't need to declare it.akbardxb said:There is no tax on transferring money from Dubai, but I think you have to declare the reason for transfer beyond a certain amount, as per Central Bank guidelines. If you are travelling, a draft in your name Woukd be the quickest of you can do an online transfer to you account in Canada; most banks have that facility.
For eg. if you are a family of 4 and travelling with 30,000 dollars you are still below the 10,000 dollars per head and you can carry the money into Canada without any problems.
There is also the option of a wire transfer if you already have a bank account here in Canada but you will lose money at both ends in exchnage and charges.
Hope this helps
er2d2g