Hi,

I am supposed to carry CAD $ 20K according to the number of my family.

If I carry let say US$ 15000.00 and rest I can show the bank statement or bank letter stating the amount of money in my home country account. Is this Ok.

Can anybody advise me.

Regards,

If your intention is to stay here in Canada PERMANENTLY, please convert the same into Canadian dollars, to avoid the Double Whammy, because you loose when you First covert to US Dollars, then a Second time when you convert it into Canadian Dollars. (Every time you loose two to three cents on a dollar)

If as they say you should have $20,000.00, then, carry enough cash to get you by for a couple of months. Then, the rest in Demand Draft Payable to you or one in the family to be deposited and collected when cashed. Talk with a banker who has a branch here in Canada. State Bank., ICICI., HSBC., and they are all here in Ontario. Please see the previous correspondence here in Canadian Desi threads.

IMPORTANT: PLEASE DECLARE ALL OF THE MONIES THAT YOU BRING INTO CANADA.

Freddie.

Dear Freedie,

Thanks for your reply.

But from Bangladesh, according to Bangladesh Govt. rule I can carry only $7500 (four person, me, my wife, two kids )all together. Transfer money through bank is not possible as there is no canadian bank in Bangladesh. If i take more than that amount i will be in trouble in money laundering.
Will Immigration officer in the POE realize my situation when he/she will ask me how much money i brought from bangladesh?

Please advise.

Hi, are u permamnetly locating or will go back after landing? If you are coming here permanently then as freddie suggested ask your bankers to make a CAD or if not available in CAD then a USD demand draft in your name. You can deposit the demand draft in Canada when you will open a account, this way you will have access to your money as well as don't break any rules.

Speak to your banker in Bangladesh for a CAD demand draft or a USD demand draft, they should be able to help you.

Hope this helps........Jona

You will have to clarify the rules with your bank. Tell them you are immigrating, you can show them the Canadian embassy's letter and may be they will allow. Forex allowed for travel is usually less than what is allowed for immigration.

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Thanks guys for your advise, I really appreciate.

I am planning to move permanently. I did check with couple of local bank including HSBC, Stan Chart but all of them referring the govt. regulation. Even though I have shown the prove of my immigration. Only thing they provide the USD as cash (not CAD)/TC and endorse the same according to the regulation in the passport.

To maintain the rules & regulation If any case I can not take the required fund what kind of difficulties I will face at POE and how will I tell the actual scenerio for that. What would be the solution.

Regards,

Quote:

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Originally posted by Desert Rain

Thanks guys for your advise, I really appreciate.

I am planning to move permanently. I did check with couple of local bank including HSBC, Stan Chart but all of them referring the govt. regulation. Even though I have shown the prove of my immigration. Only thing they provide the USD as cash (not CAD)/TC and endorse the same according to the regulation in the passport.

To maintain the rules & regulation If any case I can not take the required fund what kind of difficulties I will face at POE and how will I tell the actual scenerio for that. What would be the solution.

Regards,

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