Canada Tax Questions Answered by Experts
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If you bring more than C$10,000 (or the equivalent in another currency) into Canada, you must declare the amount when you arrive. You must fill out form Cross-Border Currency or Monetary Instruments Report - Individual.
If you do not declare it, you may need to pay a fine or face other penalties. You are not taxed on the money you bring with you when you land.
You can bring money into Canada in the form of:
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