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Old Sep 16th 2014 | 4:15 am
  #1  
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Default Cash into Canada

Found answer elsewhere - thread no longer needed

Last edited by UKtoMB; Sep 16th 2014 at 4:41 am. Reason: question answered.
 
Old Sep 16th 2014 | 4:21 am
  #2  
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Default 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....
 
Old Sep 16th 2014 | 4:43 am
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Default 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.
 
Old Sep 16th 2014 | 5:23 am
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Default Re: Cash into Canada

Originally Posted by iaink
Of course if its the proceeds of your meth lab operation then there may be some consequences...
Just buy a car wash.
 
Old Sep 16th 2014 | 6:17 am
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Default 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 ?
 
Old Sep 16th 2014 | 6:22 am
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Default 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?
 
Old Sep 16th 2014 | 8:12 am
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Default Re: Cash into Canada

Originally Posted by Tirytory
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.
 
Old Sep 16th 2014 | 8:17 am
  #8  
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Default 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...
 
Old Sep 16th 2014 | 8:57 am
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Default Re: Cash into Canada

Originally Posted by Tirytory
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.
 
Old Sep 16th 2014 | 9:37 am
  #10  
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Default Re: Cash into Canada

Thread closed at OPs request.
 

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