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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.

Query about Proof of funds while first landing 

Meow1234
Meow1234
Posts: 1


Posted On: 6/17/2019
Meow1234
Meow1234
Posts: 1
Hello,

I have a query regarding how to carry proof of funds while first landing in Çanada.

1) For a Single Applicant, the proof of funds that has to be declared while filing the PR application is Approx. 12K CAD.

Do I need to carry this entire amount to Canada in the form of cash, Forex card, DD Etc ?

2) If the answer to the above is a YES then as per the below links, do I need to declare the amount at the immigration ?

https://www.canada.ca/en/immigration-refugees-citizenship/services/new-immigrants/prepare-life-canada/border-entry.html
https://www.cbsa-asfc.gc.ca/travel-voyage/ttd-vdd-eng.html


3) If I plan to carry an amount of 6k CAD as a combo of cash, forex card and DD along with a Bank Statement of 12k CAD from the Indian bank account then do I have to declare at the immigration ?

Will it be considered as I am carrying 6K CAD thats below 10K CAD - Hence no declaration needed ?
OR
Will it be considered 6K CAD + 12K CAD - hence declaration needed ???

Does the 10K CAD declaration also include the bank letter/statement ?


Thanking you in advance.
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Moderator
Moderator
Moderator
Posts: 3014


Posted On: 8/20/2019
Moderator
Moderator
Moderator
Posts: 3014
Hello,

Thank you for sharing your situation and question with us.

For information specific about amounts and proof of funds, you can confirm on the Immigration, Refugees and Citizenship Canada (IRCC) website in the Proof of Funds - Skilled immigrants Express Entry section.

Regarding bringing money into Canada, you can bring an unlimited amount into Canada, as long as you declare it.

This is the reason for the 10K CAD declaration, you must declare any currency or monetary instruments you have valued at Can$10,000 or more.

For additional information you may want to contact the Border Information Services (BIS) directly.

We hope this additional information is helpful.

Please let us know if you have further questions and if there is any follow up to your question/situation.

=====
Anna
Settlement.Org Content and Information/Referral Specialist, CCRS, CCRS-DC

Settlement.Org
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