If I have to receive money from India, what is the usual procedure? Which bank one has to go to India? can they take draft? Is any documents to be shown? can they send in indian rupees and can we give it to our bank and convert to canadian dollars? Is western union a good choice? what is the fastest way? I understand one has to declare with CBSA if it is more than $100000? Is this yearly limit or each time limit?
Any help appreciated?
Quote:
Originally posted by confused albertan
If I have to receive money from India, what is the usual procedure? Which bank one has to go to India? can they take draft? Is any documents to be shown? can they send in indian rupees and can we give it to our bank and convert to canadian dollars? Is western union a good choice? what is the fastest way? I understand one has to declare with CBSA if it is more than $100000? Is this yearly limit or each time limit?
Any help appreciated?
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
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