PROOF OF FUNDS WHEN LANDING IN CANADA

[kITTY22]

Hi Guys.....i will be landing in canada at the end of October....my question is how do i show proof for funds when i am landed..Do i carry cash or do i just carry a bank statment for my home bank?????

 

[PMM]

Hi

Hi Guys.....i will be landing in canada at the end of October....my question is how do i show proof for funds when i am landed..Do i carry cash or do i just carry a bank statment for my home bank?????

1. Your choice, either one.

 

[Chingy]

Hi


1. Your choice, either one.

Cash is Ok, but if u can't carry d bulk cash, u can carry bank statement with a valid card which u can use d said cash in Canada, all dat matters is u have access to it while in canada

 

[chappan]

I believe bank statements and cards (assuming you meant Debit card) are only accepted if you are moving from the US (that too if it's from a known bank). If you are moving from any other country especially India/Pakistan/Bangladesh/Sri Lanka or any other country from the sub-continent then bank statements or debit cards will not be accepted. You'll have to either bring in cash or certified cashier's check.

 

[fsarosh]

Remember one thing. You are only allowed to carry $ 10,000 or less in Cash. If you are carrying more than this amount than you must go for a demand draft or traveller's cheque. One can face a lot of problems if anybody carries more than 10k in cash.

 

[chappan]

I don't think carrying more than $10k in cash will be an issue at the Canadian border. Can't speak about the country where OP will be departing from. The general rule is that you don't have to declare the amount if it's less than 10k. However, if the amount is over $10k, it must be declared at the Canadian border. Since the OP will be landing for the first time and will have to declare all the money anyway, carrying more than 10k in cash won't be an issue. That said, it's always better not to carry so much cash for personal safety reasons. Better to bring money in the form of Cashier's Check.

Here is the official link:

http://www.cbsa-asfc.gc.ca/publications/pub/bsf5052-eng.html

Snippet from the above link:

"Under the legislation, there are no restrictions on the amount of money that you can bring into or take out of Canada, nor is it illegal to do so. However, you now have to report to a border services officer amounts equal to or greater than CAN$10,000, or its equivalent in a foreign currency that you are bringing into or taking out of Canada."

 

[getcanada]

I don't think carrying more than $10k in cash will be an issue at the Canadian border. Can't speak about the country where OP will be departing from. The general rule is that you don't have to declare the amount you are carrying if it's less than 10k. However, if the amount is over $10k, it must be declared at the Canadian border. Since the OP will be landing for the first time and will have to declare all the money anyway, carrying more than 10k in cash won't be an issue. That said, it's always better not to carry so much cash for personal safety reasons. Better to bring money in the form of Cashier's Check.

Here is the official link:

http://www.cbsa-asfc.gc.ca/publications/pub/bsf5052-eng.html

Snippet from the above link:

"Under the legislation, there are no restrictions on the amount of money that you can bring into or take out of Canada, nor is it illegal to do so. However, you now have to report to a border services officer amounts equal to or greater than CAN$10,000, or its equivalent in a foreign currency that you are bringing into or taking out of Canada."

Please check, there are few banks which issue multi currency debet cards for savings account.

 

[topu_4]

Remember one thing. You are only allowed to carry $ 10,000 or less in Cash. If you are carrying more than this amount than you must go for a demand draft or traveller's cheque. One can face a lot of problems if anybody carries more than 10k in cash.

I am disagree with this, one can carry as much as he can carry at the first entry. However, for more than 10,000 CAD, you need to declare at the border, which means your money will be legal for future uses, nothing else.

 

[Goku]

I am disagree with this, one can carry as much as he can carry at the first entry. However, for more than 10,000 CAD, you need to declare at the border, which means your money will be legal for future uses, nothing else.

+1.

Adding to topu_4, if you are taking cash with you then please also carry proof where did you get that money from such as bank statement, etc. especially when you have more than $10000. The reason I am telling you this thing is because if you don't have enough proof that money (above $10000) you carrying with is your and legitimate (is not black money) CBSA officer will seize your money and will give your certain time to provide proof and claim it. Otherwise it gone forever.