Hey - you stole my exact plan.:mad::toofunny:
To add to Desertwolfs post a couple above. I'm not in the US.:biggrin:
Printable View
Interesting,
Last time I crossed borders it was still $10,000.
A) Cross-Border Reporting
- Section 12 of the Bill requires that any person or entity importing or exporting currency or monetary instruments in excess of the prescribed amount to or from Canada report this activity to a Canada Customs officer. The prescribed amount or the reporting threshold, as well as the definition of monetary instruments, are to be determined by regulation. The United States requires persons transporting currency or monetary instruments over US$10,000 to file a report with U.S. Customs.
It is proposed that a similar reporting threshold be adopted, namely C $15,000. It is also proposed that a definition of monetary instruments be adopted that would include traveller's cheques and other bearer instruments such as money orders, personal and cashier cheques and securities.
Regulations required under section 12 also include the form and manner of reporting currency and monetary instruments, as well as the information to be contained in the report and the period within which the report must be made.
It is proposed that a process similar to the existing one for the reporting of goods as regulated by the Customs Act be implemented with regard to the form and manner of reporting currency and monetary instruments. Therefore, any person or entity importing or exporting currency or monetary instruments in excess of the threshold amount will be required to fill out a report, which will then be forwarded to the Centre. It is expected that this report will be brief, and will be modelled after reports used by the Customs services in other countries.
Subsection 12(2) of the Bill also provides for the exemption from the reporting requirements if the prescribed conditions are met. The intent of this provision is to allow for exemptions to be considered for specific entities from whom reports in certain instances might be considered unnecessary (e.g., bulk movements of cash from one financial institution to another).
No exemptions are being proposed at this time. Further consultations are planned with interested parties.
I am making certain I save this as I am going to Canada for a long fishing trip with my hubby. Offshore, keep up the great work.
:party::banana:
Will Be Be Able To Trade It In In The Us?
Not to nitpick but I believe its $10,000 and its not illegal it just has to be declared.
http://www.cbp.gov/linkhandler/cgov/..._reporting.doc
Quote:
Currency Reporting
It is legal to transport any amount of currency or other monetary instruments into or out of the United States. However, if you transport, attempt to transport, or cause to be transported (including by mail or other means) currency or other monetary instruments in an aggregate amount exceeding $10,000 (or its foreign equivalent) at one time from the United States to any foreign country, or into the United States from any foreign country, you must file a report with U.S. Customs and Border Protection.
While the amount may have changed, the failure to declare said funds allows for the confiscation of said funds and you can be criminally charged under a number of federal laws on the books. Besides I don’t think you want to go through a body cavity search at the airport!
:toofunny:
Best bet is to have the forms filled out before you enter or leave the U.S. It is a losing battle to try to regain confiscated items under U.S. Customs Laws/Regulations. If in doubt, seek the advice of an Attorney that specializes in the Laws in this area before you need them. Better being penny wise than pound foolish in my book.
DesertWolf
well the whole border crossing thing shouldn't apply to most, when our first lot was bought it was already over the border in kuwait, and the usd value was only 1200 dollars. I'm not worried:cheers:
if you fill out that paper for a high enough amount you'll get your own
meet-n-greet with most of the alphabet soup.and the may or may not see it your way. depending on where you live you might not get to the border before your money might be confiscated. FYI people have had large ammounts of money confiscated in this country by law enforcement claiming
that the large amount of cash had to be drug related\trafficing,with no ***** found.last i checked,some people in florida never got thier money back.:sads: