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How do I bring money into Canada (proof of funds)?
You can bring money into Canada in different forms. When you arrive, you must tell a border official if you are carrying more than C$10,000 (per family if travelling as a family).
If you bring more than C$10,000 (or the equivalent in another currency) per family or as single traveller into Canada, you must declare the amount when you arrive. You must fill out form Cross-Border Currency or Monetary Instruments Report - Individual (E677) [PDF].
The Canadian Border Services Agency (CBSA) has the right to seize any money over C$10,000 that is not declared, you may need to pay a fine or face other penalties if you fail to declare money above the threshold.
You can bring money into Canada in the form of:
- Securities in bearer form (for example, stocks, bonds, debentures, treasury bills)
- Negotiable instruments in bearer form (for example, bank drafts, cheques, travellers' cheques, money orders)
- Transfer of funds between your bank and a Canadian bank
Speak with your financial institution before you come to Canada about currency laws and regulations in Canada and in the country you are leaving. There may be restrictions on the amount of money you can take out of the country.
If you are coming from a country that has currency restrictions, you may have up to 3 years to import goods purchased with this money in your former country. However, you must show CBSA proof that you faced restrictions.
For More Information
- Canada Border Services (CBSA) - CBSA is responsible for border services (port-of-entry services), customs and enforcement of some immigration laws in Canada.
- Settling in Canada - Information for newcomers about importing money and goods into Canada. From the Canada Border Services Agency (CBSA).
- Banks Operating in Canada - Information about Canadian banks and foreign banks with offices in Canada. From the Government of Canada.
- Immigration, Refugees and Citizenship Canada (IRCC) - IRCC is responsible for Canadian immigration and citizenship. Get information on IRCC policy, programs and services, application kits, and more.
December 19, 2017