There are no limits to the amount of money that you can bring into or take out of Canada. However, amounts of CAN$10,000 or more must be reported to customs at the Canadian border.
Failure to report amounts totalling CAN$10,000 or more may result in seizure of the money and penalties of CAN$250 to CAN$5000.
If you are carrying a total of CAN$10,000 (or its equivalent) or more - in coins, domestic and foreign bank notes, securities such as travellers cheques, stocks and bonds - you must complete a Cross-Border Currency or Monetary Instruments Report - Individual Form E677 (in PDF). If the money is not your own, you should complete Form E667 Cross-Border Currency or Monetary Instruments Report - General (in PDF). The form should be signed and handed to a customs officer.
Completed forms are sent to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for assessment and analysis.
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