Additional Funds


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an_immigrant   
Member since: Nov 04
Posts: 20
Location: Missisagua

Post ID: #PID Posted on: 30-04-07 11:35:06

I understand that there are many threads on settlement funds in CD but I couldn't find a precise answer to my question .

I would be carrying CAD $ 2000 in cash and CAD $ 8000 in the form travellers cheques as proof of funds plus I would like to carry around Eur 200 with me so that I could have my food at Frankfurt airport (stoppage
) which means I would be left with around Eur 150 besides my CAD $ 10,000 by the time I reach Toronto airport .

Could someone please advise if this much foreign currency can be carried along with the settlement funds .If yes, then do I need to tell the immigration authroities about it .

Will I have to pay any fine on this surplus foreign currency ?

Thanks



rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 30-04-07 13:35:17

Quote:
Originally posted by an_immigrant

...Could someone please advise if this much foreign currency can be carried along with the settlement funds .If yes, then do I need to tell the immigration authroities about it .

Will I have to pay any fine on this surplus foreign currency ?

Thanks



Yes, can be carried.
Yes, CAD 10,000 and over should be declared.
There is no fine.

Note: These are best to what I know but I cannot imagine being fined for carrying 150 euros in Canada.


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an_immigrant   
Member since: Nov 04
Posts: 20
Location: Missisagua

Post ID: #PID Posted on: 30-04-07 14:18:15




Yes, can be carried.
Yes, CAD 10,000 and over should be declared.
There is no fine.

Note: These are best to what I know but I cannot imagine being fined for carrying 150 euros in Canada.


Thanks Raj,Really appreciate your quick reply ..





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