Declarations in Canada Customs
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Oh, you didn't declare your sub-$10K US as over $10K CAN? You need to pay us $250 to get your money back. Next time it will be $2,500, and the time after that it will be $5,000!
Hmm, you went to the casino? How much did you bring there? How much do you have now? Lemme see your phone. You deleted everything? Let's give your phone a drug test. It tests positive for cocaine.
Quote: ChumpChangeCustoms in Canada at work, TV style.
Oh, you didn't declare your sub-$10K US as over $10K CAN? You need to pay us $250 to get your money back.
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You have to declare your cash in the currency of the country you are traveling to, so this is totally fair. It's on the customs form.
Quote: TigerWuQuote: ChumpChangeCustoms in Canada at work, TV style.
Oh, you didn't declare your sub-$10K US as over $10K CAN? You need to pay us $250 to get your money back.
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You have to declare your cash in the currency of the country you are traveling to, so this is totally fair. It's on the customs form.
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It seems a bit unfair. If you can leave the US with $10,000 in cash, how can you know what it is worth in local currency? I've been in Canada when the US dollar was worth ninety-five cents C and when it was worth a dollar twenty.C
Quote: billryan
It seems a bit unfair. If you can leave the US with $10,000 in cash, how can you know what it is worth in local currency? I've been in Canada when the US dollar was worth ninety-five cents C and when it was worth a dollar twenty.C
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You would check the exchange rate before you leave. If it's close to the limit, you would probably be safer to declare it. Like, if before you get on the plane, you have US dollars that converts to $9,867 Canadian, you should probably declare it just in case. The exchange rate is not going to fluctuate that much during the three hours you're in the air, but I probably wouldn't take that chance.
Quote: billryan
It seems a bit unfair. If you can leave the US with $10,000 in cash, how can you know what it is worth in local currency? I've been in Canada when the US dollar was worth ninety-five cents C and when it was worth a dollar twenty.C
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That's ridiculous. Would it really take more than 30 seconds to figure out t the conversion. I know that I am odd, but I look at currency exchange rates about twice a week.
Quote: DRichQuote: billryan
It seems a bit unfair. If you can leave the US with $10,000 in cash, how can you know what it is worth in local currency? I've been in Canada when the US dollar was worth ninety-five cents C and when it was worth a dollar twenty.C
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That's ridiculous. Would it really take more than 30 seconds to figure out t the conversion. I know that I am odd, but I look at currency exchange rates about twice a week.
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So you'd report $9,657 Canadian dollars in currency when you have $10,000 in US bills?
Quote: billryanQuote: DRichQuote: billryan
It seems a bit unfair. If you can leave the US with $10,000 in cash, how can you know what it is worth in local currency? I've been in Canada when the US dollar was worth ninety-five cents C and when it was worth a dollar twenty.C
link to original post
That's ridiculous. Would it really take more than 30 seconds to figure out t the conversion. I know that I am odd, but I look at currency exchange rates about twice a week.
link to original post
So you'd report $9,657 Canadian dollars in currency when you have $10,000 in US bills?
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Yup. You'd say "I have $10,000 US. I don't know how much that is in Canadian." Rules are rules, and you gotta follow the rules.
Quote: ChumpChangeCustoms in Canada at work, TV style.
Oh, you didn't declare your sub-$10K US as over $10K CAN? You need to pay us $250 to get your money back. Next time it will be $2,500, and the time after that it will be $5,000!
Hmm, you went to the casino? How much did you bring there? How much do you have now? Lemme see your phone. You deleted everything? Let's give your phone a drug test. It tests positive for cocaine.
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I was near the canada border and didnt cross bc they are very suspicious.
Quote: GenoDRPhQuote: billryanQuote: DRichQuote: billryan
It seems a bit unfair. If you can leave the US with $10,000 in cash, how can you know what it is worth in local currency? I've been in Canada when the US dollar was worth ninety-five cents C and when it was worth a dollar twenty.C
link to original post
That's ridiculous. Would it really take more than 30 seconds to figure out t the conversion. I know that I am odd, but I look at currency exchange rates about twice a week.
link to original post
So you'd report $9,657 Canadian dollars in currency when you have $10,000 in US bills?
link to original post
Yup. You'd say "I have $10,000 US. I don't know how much that is in Canadian." Rules are rules, and you gotta follow the rules.
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Doing that is what got a $250 fine. Although you can leave the US with $10,000, you can only bring $10,000 Canadian into the country. Because dollars are worth more, you are subject to a $250 fine. I think that is ridiculous. Others don't. I never knew there was a limit on how much cash you could bring into Canada. I've never flown in, but I don't recall being asked at the borders.The older I get, the better I recall things that never happened
Quote: billryanQuote: GenoDRPhQuote: billryanQuote: DRichQuote: billryan
It seems a bit unfair. If you can leave the US with $10,000 in cash, how can you know what it is worth in local currency? I've been in Canada when the US dollar was worth ninety-five cents C and when it was worth a dollar twenty.C
link to original post
That's ridiculous. Would it really take more than 30 seconds to figure out t the conversion. I know that I am odd, but I look at currency exchange rates about twice a week.
link to original post
So you'd report $9,657 Canadian dollars in currency when you have $10,000 in US bills?
link to original post
Yup. You'd say "I have $10,000 US. I don't know how much that is in Canadian." Rules are rules, and you gotta follow the rules.
link to original post[/q
Doing that is what got a $250 fine. Although you can leave the US with $10,000, you can only bring $10,000 Canadian into the country. Because dollars are worth more, you are subject to a $250 fine. I think that is ridiculous. Others don't. I never knew there was a limit on how much cash you could bring into Canada. I've never flown in, but I don't recall being asked at the borders.
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When in Rome, do as the Romans do.Is the fine for having more than $10K, or not reporting you have more than $10k?
From the Canadian Border Patrol:
"Anytime you cross the border, you must declare any currency or monetary instruments you have valued at Can$10,000 or more. This amount includes Canadian or foreign currency or a combination of both. Monetary instruments include, but are not limited to, stocks, bonds, bank drafts, cheques and traveller's cheques. 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."
https://www.cbsa-asfc.gc.ca/travel-voyage/ttd-vdd-eng.html
Quote: billryan
Doing that is what got a $250 fine. Although you can leave the US with $10,000, you can only bring $10,000 Canadian into the country. Because dollars are worth more, you are subject to a $250 fine. I think that is ridiculous. Others don't. I never knew there was a limit on how much cash you could bring into Canada. I've never flown in, but I don't recall being asked at the borders.
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I think you have misunderstood something.
Quote:Travelling with CAN$10,000 or more
Anytime you cross the border, you must declare any currency or monetary instruments you have valued at Can$10,000 or more. This amount includes Canadian or foreign currency or a combination of both. Monetary instruments include, but are not limited to, stocks, bonds, bank drafts, cheques and traveller's cheques. 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.
Quote:Failure to report
The CBSA has the authority to seize all currency and monetary instruments if the entire value is not reported. They may be returned after a penalty is paid. Penalties range from Can$250 to Can$5,000.
The $250 fine is the minimum for not reporting the full amount of imported cash.
Source
Quote: billryanQuote: DRichQuote: billryan
It seems a bit unfair. If you can leave the US with $10,000 in cash, how can you know what it is worth in local currency? I've been in Canada when the US dollar was worth ninety-five cents C and when it was worth a dollar twenty.C
link to original post
That's ridiculous. Would it really take more than 30 seconds to figure out t the conversion. I know that I am odd, but I look at currency exchange rates about twice a week.
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So you'd report $9,657 Canadian dollars in currency when you have $10,000 in US bills?
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Huh? If I had $10,000 US I would report approximately $13,442 Canadian.
