Post
by abercroft » Wed Jun 15, 2005 9:51 pm
I think the limit is 10,000 dollars cash or monetary instruments. (Traveler's checks, personal or cashier's checks, that sort of thing.) More than that and you have to declare it at the airport, and you might have to prove the paper trail as to where it came from and possibly pay tax or duty of some sort. Ask at the airlines. I have seen warnings at the gate and at the border crossing in and out of Canada.
I also know that when you take out more than 10,000 dollars cash from your bank the IRS is notified. Not against the law or anything, but they will have it on record just in case you come under suspicion (sp?) in the future...