4 ms·

I took $9500 in internship savings in cash across the border with Canada a few years ago. I wanted to put the USD directly into my RRSP (Canadian 401K) and a wi

by aianus 12y ago

I took $9500 in internship savings in cash across the border with Canada a few years ago. I wanted to put the USD directly into my RRSP (Canadian 401K) and a wire transfer would have cost $40 and international deposit of a bank draft would have taken 3 weeks. I would have taken more but >$10k requires a customs declaration which I didn't want to deal with.

WildUtah 12y ago
Remember that choosing to take less than US$10k in order to avoid the reporting and customs paperwork is a crime in the USA, too.
- aianus 12y ago
  I thought that only applied if you were taking > $10k by splitting it up to avoid reporting.