British Expats

British Expats (https://britishexpats.com/forum/)
-   Canada (https://britishexpats.com/forum/canada-56/)
-   -   Cash into Canada (https://britishexpats.com/forum/canada-56/cash-into-canada-843245/)

UKtoMB Sep 16th 2014 4:15 am

Cash into Canada
 
Found answer elsewhere - thread no longer needed

Tirytory Sep 16th 2014 4:21 am

Re: Cash into Canada
 
Wouldn't you get a better exchange rate if you use a currency house. I'm not sure why oodles of cash on you is a good thing especially when it's relatively easy to set bank accounts up? I would hate the risk of carrying so much money in too- what if it gets stolen?

I don't know the answer sorry....

iaink Sep 16th 2014 4:43 am

Re: Cash into Canada
 
The declaration thing is only for the purposes of the money laundering legislation. If you have a million in cash they wont tax you on it, you just need to declare it. Of course if its the proceeds of your meth lab operation then there may be some consequences...

The 10k is per person IIRC.

BristolUK Sep 16th 2014 5:23 am

Re: Cash into Canada
 

Originally Posted by iaink (Post 11407237)
Of course if its the proceeds of your meth lab operation then there may be some consequences...

Just buy a car wash.

magnumpi Sep 16th 2014 6:17 am

Re: Cash into Canada
 
Stuff mattresses and pillow cases then plastic wrap them and place at rear of storage/removal container.


Can we carry on the thread with a hint of strangeness ?

Zoe Bell Sep 16th 2014 6:22 am

Re: Cash into Canada
 
well seeing as the original question has been deleted, I think we should all use our imagination as to what it was.

Obviously it involved a large amount of money, maybe a bodily orifice or two?

Aviator Sep 16th 2014 8:12 am

Re: Cash into Canada
 

Originally Posted by Tirytory (Post 11407210)
Wouldn't you get a better exchange rate if you use a currency house. I'm not sure why oodles of cash on you is a good thing especially when it's relatively easy to set bank accounts up? I would hate the risk of carrying so much money in too- what if it gets stolen?

I don't know the answer sorry....

The FX for cash is not as good as it is for non cash as you say, the cheque rate is usually better by at least 2c.

Tirytory Sep 16th 2014 8:17 am

Re: Cash into Canada
 
The poster wanted to bring 20,000 dollars in cash on person. I just thought a bank with a currency exchange house would be better...

Aviator Sep 16th 2014 8:57 am

Re: Cash into Canada
 

Originally Posted by Tirytory (Post 11407445)
The poster wanted to bring 20,000 dollars in cash on person. I just thought a bank with a currency exchange house would be better...

That is sure to arouse interest at point of entry. Undoubtedly a crazy thing to do unless it is from dubious sources or trying to hide it from the tax authorities.

christmasoompa Sep 16th 2014 9:37 am

Re: Cash into Canada
 
Thread closed at OPs request.


All times are GMT -12. The time now is 12:59 pm.

Powered by vBulletin: ©2000 - 2026, Jelsoft Enterprises Ltd.
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.