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I might be mistaken, but due to money laundering laws an individual can only bring up to 10k per trip without being taxed. Any monies in excess of that, is subject to applicable taxes and perhaps penalties. You could certainly take your chances -NOT ADVISABLE- and not declare how much money you are bringing.falcon123 wrote:I made my first landing in July 2010 and had declared the amount of money I was carrying at that time. Then I received my PR card in October 2010.
Now I am going back to Canada a second time and this will also be my permanent relocation.
Question: Can I carry more than CAD 10000 ? If I carry approx CAD 17,000 and when I declare this money, will I be taxed at the airport for this?
I basically want to know if there is any limit for second time visitors who have already completed their landing and received PR card. And will I be taxed if I take more than CAD 10,000.