Funds in Canada(POF at POE)-Please advise!

[IT applicant]

Hi All

Have some doubts-Please help with the following based on

a.Is there any counter at Toronto airport which helps encash the travellers cheque(TCs) into cash?

b.I have not yet opened any bank account in Canada and seeing the various threads on this forum,it seems a bit tricky using bank statements of an account(US,in my case) as proof of funds at port of entry
In that case,I guess TCs are the best source to show the same-Plz advise

c.How much time does an account opening takes in Canada?(guess Nova Scotia is the most sought after)Once opened,can I deposit my TCs in the bank and get it converted into cash.

d.I guess we have to fill out a form if the total liquid money carried>10,000CAD.Since I have to carry liquid money equivalent for 3 applicants which is >10,000CAD.Is there any issue filling that form-any hassles involved?

Please advise based on your experiences

cheers!

 

[IT applicant]

Just wanted to add to it that it's not legal to carry more than 10,000USD outside India in any form

In such circumstances,please advise if there is any other way(other than opening an account in Canada from India,which itself can taken 1-3 months)

Please advise

 

[canada1234]

Check the Links Below.

http://www.canadavisa.com/canada-immigration-discussion-board/recent-unread-topics/-t39318.0.html;topicseen
http://www.settlement.org/sys/faqs_detail.asp?faq_id=4000258
http://www.canadavisa.com/canada-immigration-discussion-board/how-do-we-carry-funds-to-canada-t48534.0.html

 

[Shreeram]

Extract taken from the RBI website

http://www.rbi.org.in/scripts/FAQView.aspx?Id=11


6. How much foreign exchange is available to a person going abroad on immigration?

Person going abroad for immigration can draw foreign exchange upto US$ 5,000 or the amount prescribed by the country of emigration from an authorised dealer in India. These amount is only to meet the incidental expenses in the country of migration. No amount of foreign exchange can be remitted outside India to become eligible or for earning points or credits for immigration. All such remittances require prior permission of the Reserve Bank.

 

[IT applicant]

Great Shriram

Thnx for this piece of info..This really helps