Questions about how to prepare for your first arrival in Canada - customs, proof of funds, initial settlement help, etc... Tell us what happened when you first landed in Canada.
Taxed on Money brought into Canada at Landing?
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user Posts: 130
Posted On: 10/8/2015
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Hello
Please need some information
When i landed i declared the amount i had with me (and my husband) which was more than 10000 cad!!!i will be taxed for this amount?
Thank you
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Moderator Moderator Posts: 4142
Posted On: 10/8/2015
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Hello,
Thank you for sharing your situation and question with us.
According to the Border Information Services (BIS), you can bring in any amount of money as long as you declare that amount.
They also stated that you are not taxed on the amount of money you bring into Canada. You are only taxed on goods.
If you have any additional questions or concerns, you may want to contact the Border Information Services (BIS) directly.
I hope this information is helpful. Please let us know if you have further questions and if there is any follow up to your question/situation.
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Anna
Settlement.Org Content and Information/Referral Specialist, CIRS
Settlement.Org
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