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Money to follow

amanprsingh

Full Member
Aug 11, 2014
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1
I am aware about goods to follow list.

How about money to follow, how am i going to tell at the time of landing about money to follow later(for eg I will be bringing 50000$ later from my savings in India or property selling etc)
 

zardoz

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Feb 2, 2013
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amanprsingh said:
I am aware about goods to follow list.

How about money to follow, how am i going to tell at the time of landing about money to follow later(for eg I will be bringing 50000$ later from my savings in India or property selling etc)
Money transfer is not a problem at any time. If brought in by hand, you must declare any sum total of more than CAD 10,000 to CBSA on arrival.
 

OhCanadiana

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Feb 27, 2010
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zardoz said:
Money transfer is not a problem at any time. If brought in by hand, you must declare any sum total of more than CAD 10,000 to CBSA on arrival.
That's correct.

It is important to know the value of the goods you have abroad on the day you move to Canada (more specifically, on the day you become a resident for tax purposes) as you'll need to declare that value to CRA. So, if you have a house it would help to get a valuation with the value before you move, to keep your statements with the value of your investments, etc.