Goods to follow money transfer
Aug 25th 2005, 3:27 pm
#1
Forum Regular
Thread Starter
Joined: Sep 2003
Location: crewe cheshire
Posts: 43
Goods to follow money transfer
Hi everyone,
Just a question when making out a goods to follow list, do you have to list capital you intend taking to Canada as an item? Is it the case that any savings over a certain limit would have tax on them unless it was on your goods to follow list?
Thanks
Railman
Just a question when making out a goods to follow list, do you have to list capital you intend taking to Canada as an item? Is it the case that any savings over a certain limit would have tax on them unless it was on your goods to follow list?
Thanks
Railman
Aug 25th 2005, 4:57 pm
#2
BE Enthusiast
Joined: Feb 2005
Location: Toronto. ON
Posts: 919
Re: Goods to follow money transfer
Hi,
Money in what ever form does not have to be listed on the goods to follow list. Anything over $10,000 needs to be declared when you enter the country.
SAW 04
Money in what ever form does not have to be listed on the goods to follow list. Anything over $10,000 needs to be declared when you enter the country.
SAW 04
Originally Posted by railman
Hi everyone,
Just a question when making out a goods to follow list, do you have to list capital you intend taking to Canada as an item? Is it the case that any savings over a certain limit would have tax on them unless it was on your goods to follow list?
Thanks
Railman
Just a question when making out a goods to follow list, do you have to list capital you intend taking to Canada as an item? Is it the case that any savings over a certain limit would have tax on them unless it was on your goods to follow list?
Thanks
Railman
Aug 25th 2005, 5:29 pm
#3
little snowy owl
Joined: Nov 2004
Posts: 6,921
Re: Goods to follow money transfer
Originally Posted by SAW 04
Hi,
Money in what ever form does not have to be listed on the goods to follow list. Anything over $10,000 needs to be declared when you enter the country.
SAW 04
Money in what ever form does not have to be listed on the goods to follow list. Anything over $10,000 needs to be declared when you enter the country.
SAW 04
Last edited by Alberta_Rose; Aug 25th 2005 at 5:35 pm. Reason: I meant dollars not pounds!
Aug 25th 2005, 5:33 pm
#4
Forum Regular
Joined: Jul 2005
Location: Aurora, Ontario
Posts: 154
Re: Goods to follow money transfer
Yes it only applies to cash and 'monetary instruments' that you are carrying. The control is to stop money laundering rather than taxation purposes. If you transfer money electronically the bank will declare it to the authorities to be checked for laundering
Originally Posted by Morwenna
The £10,000, isn't that just money you are actually carrying with you on entry, as cash or travellers cheques etc????
