My parents are giving us money towards the wedding so we can start planning and budgeting. Is there a maximum amt you can take before you get penalized?

I'm not sure how the financial works

i think its $10,000

ya, the guy at the peace bridge just said anything over $10,000 has to be declared.

I concur: $10,000 to be undeclared.

So does this mean even if they ask me, I don't have to say anything b/c it's under $10,000??

(confused)

so I don't have to "declare" it??

ie, it doesn't exist???

I think so. Why don't you wire it all to Ol's account to avoid any hassle?

cuz Ol's at work all day today and then flies up tomorrow....

and my parents already took out the moola.

That's right. You only have to declare what you are carrying if it is over 10 thousand.

If you take more thant $10K you have to fill out a form at the crossing to 'declare' it. Under $10K you don't have to formally report. If they ask you specifically, "how much cash do you have?" (which they never do) you have to tell them.

When I transferredf $$ with custom house, I kept it under $10,000, just for that reason!! Just make multiple transactions!!

Agreed --- they never asked me about my 2 million
Don't worry about it babe, you'll cross fine! And of course, you'll call sister Lenina to let her know you're safe on this side of the border, Do I make myself clear?????

I've been asked several times how much cash I have. this question is different because this is Liz's immigration crossing, but both Canada and US border guards can refuse entry because they don't think that you have enough money to support yourself during your stay. back when the hubby and I were just living in sin, I was often asked how much cash I had-and had to actually show the border peoples the cash and a bank statement to prove that I could feed myself for the amount of time that I was going to be in Canada. Maybe I just look particularly poor when crossing.

And the few times when I had to get bank cheques, I ensured they were under $10,000! I was told by the Cdn bank manager, as well as the Branch manager at wachovia, that amounts over $10,000 set off certain "alarms" when transferring $$$, no clue if that is actually truth or not!!