Currency Claims: Travelling With CAN$10,000 Or More
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Welcome to our “Customs With Katy!” blog feature, where we focus on customs-related topics, brought to you by none other than Phillips’ very own Move Coordinator, Katy Duncan! When relocating into or out of Canada, no restrictions exist on the amount of money you can bring with you or take out, however, you should make note of these important currency claims, which will be required of you at the border.
The following is an excerpt from the Canada Border Services Agency site which outlines the topic:
“There are no restrictions on the amount of money you can bring into or take out of Canada, nor is it illegal to do so.
However, any time you cross the border, you must declare any currency or monetary instruments you have in your possession that are valued at CAN$10,000 or more. The CAN$10,000 can be any combination of Canadian or foreign currency and monetary instruments, such as stocks, bonds, bank drafts, cheques and traveller’s cheques. This requirement applies to you whether you are travelling on business, pleasure or if you are carrying money on behalf of someone else.
When you arrive in Canada with currency or monetary instruments valued at CAN$10,000 or more in your possession, you must report it on Form E311, the CBSA Declaration Card (if one was provided to you), on an Automated Border Clearance kiosk or a Primary Inspection Kiosk, or in the verbal declaration made to a border services officer.
When leaving Canada by air with currency or monetary instruments valued at CAN$10,000 or more in your possession, you must report to the CBSA office within the airport before clearing security. Prior to leaving Canada by land, boat or rail, report to the CBSA office nearest your location.
If you are a NEXUS member and are crossing the border with currency or monetary instruments valued at CAN$10,000 or more, you cannot use NEXUS in the land, air or marine modes of transportation. For more information: NEXUS Terms and Conditions.
Consult Travelling with CAN$10,000 or more.”
To review: Be sure to visit the Canada Customs website to reference the original article for further information and related content. For additional customs tips, we also recommend that you routinely check our bi-weekly news updates.
As always, until next time, stay safe and stay customs compliant!