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Wiring money to Canada
05-18-2012, 06:38 AM
Post: #1
Wiring money to Canada
Hi all!!

I am a Canadian citizen that has been hanging out in Costa Rica for a few years and have not been working (studying Spanish and hanging out). I wired about $40K from my bank account in Canada to my bank account in Costa Rica about 1.5 years ago. I am planning to go back to Canada soon and would like to wire back around $20K that I have left.

Is there a limit to how much I can wire back without having hassles about anti-laundering or having to pay taxes again on the money? It was originally wired from TD bank and I plan to wire it back to the same account. Would it be better to wire it back at two separate times for under $10K each to avoid any issues? I am not sure about the laws around this and nor was my TD bank rep.

Any help would be much appreciated. Thanks in advance

D.
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05-22-2012, 09:39 AM
Post: #2
RE: Wiring money to Canada
Anyone?
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05-23-2012, 01:51 PM
Post: #3
RE: Wiring money to Canada
Hello,

You should be able to do a wire transfer to your Cdn bank account.

You can read here about what is required to send a wire to a Canadian bank from abroad. The requirements should be similar for wires coming from abroad to Canada: http://td.intelliresponse.com/accounts/?...estion=How

To my knowledge, there is no limit imposed by Canada on the amount of money you can wire into a Cdn account. Canadian bank do have to adhere to anti-money laundering and counter terrorist financing legislation that requires them to report the details of large transactions to the Canadian government. http://www.fintrac-canafe.gc.ca/reportin.../1-eng.asp
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07-20-2012, 04:33 PM
Post: #4
RE: Wiring money to Canada
Yes I agree with above post, he really expose the idea very well.
I visited those mentioned link and really get a good idea.

car rentals gold coast
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09-19-2013, 04:29 AM
Post: #5
RE: Wiring money to Canada
Well, this is latest and shocking news about this one. As every account has its limit surprisingly this has not.
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