proof of fund how to carry plz ans friends...

[dudegujrat]

I have one doubt in my mind about proof of fund ho it should carry for instance as cash or what can be other options.


thanks MAY GOD BLESS ALL

 

[asyousuf]

I have one doubt in my mind about proof of fund ho it should carry for instance as cash or what can be other options.


thanks MAY GOD BLESS ALL

20% cash and 80% in the form of Travellers cheque or Demand Draft

 

[Final Destination]

20% cash and 80% in the form of Travellers cheque or Demand Draft

Why cant it be other way round? ie., 80% Cash & 20 % tc? Please clarify. Actually I'm planning to take 80% cash and remaining by tc.

 

[Final Destination]

Also one more doubt. Can we take everything in cash instead of Traveller's cheque etc as Proof Of Funds?

 

[cocknbull]

Also one more doubt. Can we take everything in cash instead of Traveller's cheque etc as Proof Of Funds?

Yes you can. That can even save you money on exchange rate. First check from your country of origin how much money they allow you to carry in cash. Normally its $10,000 in most countries.Remember one thing if you carry $10,000 or more you need to declare in Canada.

Please check the following post.

http://www.canadavisa.com/canada-immigration-discussion-board/qorax-and-others-need-urgent-info-for-carrying-cash-and-landing-next-week-t82150.0.html;msg981222#msg981222

Hi!

First check with your departure country how much they allow you to carry without declaration. In most parts of the world they allow upto $10,000 without declaration. More than that you need to declare it.

Regarding Canada you can bring any amount of cash in Canada you like (there is no tax or fees to pay on this money). You will only need to declare it. There are 2 steps.

1) First you will get this landing card on flight or at airport


http://www.cbsa.gc.ca/publications/forms-formulaires/e311-eng.pdf


When filling this card tick yes "you are bringing into Canada $10,000 or more"


2) You will also need to fill The form E677. You can fill it in advance. It is found below but make sure you sign it in the presence of CBSA border officer.


http://www.cbsa-asfc.gc.ca/publications/forms-formulaires/e677.pdf



I am also quoting the reply from CBSA regarding this matter.



The Canada Border Services Agency (CBSA) appreciates your interest in ensuring that you meet the cross-border currency reporting requirements upon your arrival in Canada. As you may be aware, the CBSA is responsible for the administration and enforcement of Part II of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Part II requires the reporting of currency or monetary instruments in the actual possession of a person arriving in or departing from Canada. Each traveller is responsible for his or her own declaration.



There are no restrictions on the amount of currency or monetary instruments that you can bring into or take out of Canada, nor is it illegal to do so. However, you have to report to the CBSA amounts equal to or greater than CAN$10,000 or the equivalent in foreign currency. It is very important that currency and monetary instruments be declared properly. If the funds you are bringing into Canada belong to you, then you and you alone are responsible for their declaration. You should not delegate funds to family members simply to avoid paperwork. Misrepresentation and false declarations are serious CBSA offenses.



If you require further information on the CBSA's Cross Border Currency Reporting Program, please visit our Web site at www.cbsa-asfc.gc.ca/security-securite/cbcr-dmte/menu-eng.html



You can fill out the necessary document, Form E677 – Cross-Border Currency Reporting, in advance, ensuring that you sign it only in the presence of a CBSA border officer. Form E677 may be found here: http://www.cbsa-asfc.gc.ca/publications/forms-formulaires/e677.pdf



We suggest that you contact the Border Information Service (BIS) should you require further clarification. You can access the BIS line free of charge throughout Canada by calling 1-800-461-9999. From outside Canada, you can access the BIS line by calling 204-983-3500 or 506-636-5064 (long-distance charges apply). If you call during regular business hours (8:00 a.m. to 4:00 p.m. local time, Monday to Friday, except holidays), you can speak to an agent by pressing “0” at any time.



We trust that this information is useful to you and thank you for contacting CBSA.

Thanks

 

[dudegujrat]

thanks guys for ur help

 

[asyousuf]

Why cant it be other way round? ie., 80% Cash & 20 % tc? Please clarify. Actually I'm planning to take 80% cash and remaining by tc.

Dear it's your choice. U can carry as much and in any form u wish too.

Canada being distant place and long travel, it is normally suggested to carry less of cash first time otherwise its upto you.

 

[sam pk]

http://www.cic.gc.ca/english/newcomers/before-border.asp
http://www.cbsa-asfc.gc.ca/publications/pub/bsf5052-eng.html