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Disclosure of funds upon first landing

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M

mehmeh

Star Member
Jan 23, 2007
115
0
Upon my first landing in Canada, if I brought with me some cash (below $10,000) and certificates of time deposits from my previous residence country (more than $10,000), do I still have to disclose these funds with CBSA office? Thanks!
 
"...do I still have to disclose these funds with CBSA office?"

You have to report cash and negotiable instruments if they total CAN$10,000 or more.

If your "certificates of time deposits" are non-negotiable (which is normally the case), you don't have to include them in the the CAN$10,000 reporting requirement.

Therefore, it sounds like you don't have to declare anything.
 
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