What is the Cash Limit for Entering Canada?

Learn the cash limits and declaration requirements for bringing money into Canada to avoid fines.

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When entering Canada, you can carry any amount of cash; however, it's important to declare any sum over C$10,000. This includes Canadian or foreign currency and extends to securities such as stocks, bonds, drafts, or traveler’s cheques. Failure to declare amounts over this threshold can result in fines or forfeiture of the funds. This measure is in place to combat money laundering and terrorism financing, so ensure your compliance to avoid unnecessary complications at customs.

FAQs & Answers

  1. What is the cash limit for entering Canada? You can carry any amount of cash into Canada, but you must declare any amount over C$10,000.
  2. What happens if I don't declare cash over C$10,000? If you fail to declare amounts over C$10,000, you may face fines or forfeiture of your funds.
  3. Does the cash limit apply to foreign currency? Yes, the C$10,000 limit applies to both Canadian and foreign currency, as well as securities like stocks and bonds.
  4. Why is it necessary to declare large amounts of cash when entering Canada? Declaring large sums of cash helps combat money laundering and terrorism financing, ensuring compliance with Canadian laws.