Crossing the border
with $10,000 or more?
Money laundering and terrorist financing are
international problems. Money laundering in
Canada alone is estimated to be in the billions of
dollars. To help fight these criminal activities, the
Government of Canada has introduced the Proceeds of
Crime (Money Laundering) and Terrorist Financing Act.
Under the new legislation, there are no restrictions
on the amount of money that you can bring into or
take out of Canada, nor is it illegal to do so.
However, you now have to report to a border
services officer amounts equal to or greater than
CAN$10,000, or its equivalent in a foreign currency
that you are bringing into or taking out of Canada.
This new reporting requirement will assist the
government in its efforts to:
■ investigate and prosecute offences related to
money laundering and terrorist financing;
■ respond to the threat posed by organized crime;
and
■ fulfill international commitments to fight
transnational crime.
Reporting requirements
How to report
In person at a Canada Border
Services Agency (CBSA) office
If you are entering or leaving Canada and are
carrying $10,000 or more, or its equivalent in a
foreign currency including any combination of coins,
domestic or foreign bank notes, and securities, such
as travellers cheques, stocks and bonds, you have to
complete Form E677, Cross-Border Currency or
Monetary Instruments Report - Individual. If the
currency or monetary instruments that you are
reporting are not your own, you will be required to
complete Form E667, Cross-Border Currency or
Monetary Instruments Report - General. You must
complete the reporting form, sign it, and hand it to a
border services officer at the nearest CBSA office that
is open at the time you are travelling.
By mail
If you are sending $10,000 or more or its equivalent
in a foreign currency into Canada through the mail,
you must complete Form E667 and include it with
the money. In addition, you must complete a
Universal Postal Convention label and attach it to
the item being mailed.
If you are sending $10,000 or more or its equivalent
in a foreign currency from Canada by mail, you have
to complete Form E667 and include it with the item
being mailed, and mail or submit a completed copy
of Form E667 to the nearest CBSA office at the same
time or before you mail the package.
Additional postal requirements may exist when
importing or exporting currency or monetary
instruments by mail. Please contact Canada Post for
further information.
By courier
If you are sending $10,000 or more or its equivalent
in a foreign currency to or from Canada by courier,
the courier must have the person in charge of the
conveyance complete Form E668, Cross-Border
Currency or Monetary Instruments Report made by
Person in charge of conveyance, and attach it to
Form E667, which you, the importer or exporter,
will have completed. Both forms must be submitted
to a CBSA office.
If you need help completing the forms, see the
instructions on the back of the forms, or contact the
nearest CBSA office.
Failure to report
Currency and monetary instruments of a value equal
to or greater than $10,000, or its equivalent in a
foreign currency which are not reported, may be
subject to seizure and the assessment of penalties.
Penalties range from $250 to $5,000, and may include
forfeiture.
What happens with the
information you give us?
The completed forms are sent to the Financial
Transactions and Reports Analysis Centre of Canada
(FINTRAC) in Ottawa for assessment and analysis.
The information provided on the currency reporting
forms is subject to the general provisions of the
Privacy Act and is collected under the authority of
the Proceeds of Crime (Money Laundering) and Terrorist
Financing Act.
To obtain additional information or a copy of
the required forms, visit our Web site at
www.cbsa.gc.ca or the Government of Canada
Web site at
www.fintrac.gc.ca. You can also call us
free of charge throughout Canada at 1-800-461-9999.
If you are calling from outside of Canada, you
can contact us at (204) 983-3500 or (506) 636-5064.
