Landing in Canada
Jun 11th 2018, 4:45 pm
#1
Forum Regular
Thread Starter
Joined: Apr 2014
Posts: 72
Landing in Canada
Hello, can I please just double check that when landing in Canada, on our goods accompanying and goods to follow list, that monetary assets are not required on these lists? I.e. Value of/funds from sale of primary residence, savings accounts, pension funds etc. We have gained PR through the family sponsorship route. Thanks in advance.
Jun 11th 2018, 4:54 pm
#2
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Re: Landing in Canada
Hello, can I please just double check that when landing in Canada, on our goods accompanying and goods to follow list, that monetary assets are not required on these lists? I.e. Value of/funds from sale of primary residence, savings accounts, pension funds etc. We have gained PR through the family sponsorship route. Thanks in advance.
Jun 11th 2018, 5:01 pm
#3
BE Forum Addict
Joined: Apr 2013
Location: London, ON
Posts: 2,485
Re: Landing in Canada
Hello, can I please just double check that when landing in Canada, on our goods accompanying and goods to follow list, that monetary assets are not required on these lists? I.e. Value of/funds from sale of primary residence, savings accounts, pension funds etc. We have gained PR through the family sponsorship route. Thanks in advance.
Very minor point is that it is helpful to CBSA if you provide an overall monetary total of the value of good on each form.
Jun 11th 2018, 5:12 pm
#4
Forum Regular
Thread Starter
Joined: Apr 2014
Posts: 72
Re: Landing in Canada
Excellent, thank you very much both of you, and yes on my goods forms I have provided a rough value of everything. We're soft-landing in August and can't wait!
Jun 11th 2018, 9:39 pm
#5
Sidecar Falcon
Joined: Jun 2008
Posts: 9,504
Re: Landing in Canada
It's just goods. Cash needs to be declared over $10k as usual but there's no tax on bringing any funds or financial assets in at any point as long as you declare them and can prove they're legit. I doubt many Brits carry bags full of cash around these days anyway really like a lot of other nationalities still do.
Last edited by DigitalGhost; Jun 11th 2018 at 10:05 pm.
Jun 11th 2018, 9:51 pm
#6
BE Forum Addict
Joined: Apr 2013
Location: London, ON
Posts: 2,485
Re: Landing in Canada
It's just goods. Cash needs to be declared over $10k as usual but there's no tax on bringing any funds or financial assets in at any point as long as you declare them and can prove they're legit. I doubt many Brits carry bags full of cash around these days as well really like a lot of other nationalities still do.
The 'declaration of assets' that you may continue to have offshore or in the UK happens when you do your first Canadian tax return (best to get a Canadian tax professional to do this for you).
Jun 11th 2018, 10:04 pm
#7
Sidecar Falcon
Joined: Jun 2008
Posts: 9,504
Re: Landing in Canada
Does it have to be that complex and official or can you just use UFile?
