Originally Posted by
Shareholder
Recall having this on one YYZ departure, think it was to EZE/SCL. Asked about currency...did I look that prosperous? Also have had US agents do this ex-MIA to SCL, though they didn't quiz me those times.
Wonder where OP was headed?
Caught an episode of both the Canadian Border Security TV series and the one about MIA where people were caught with wads of currency exceeding the $10K limit. I've always wondered about the anachronism of the question on various customs forms regarding this. It talks about "monetary instruments" and while I might not have cash or cheques or securities anywhere close to $10K on me when traveling, the credit cards in my wallet have credit limits in excess of $100K when tallied up, so technically I suspect we'd all be in technical violation every time we cross the border.
You are allowed to take/bring an unlimited amount of money, they just want hard cash report so they can track it/make sure its not coming from illegal sources etc. you can take out 50 grand and head to Vegas, as long as you declare it and can show it came out of your bank account and money was obtained legally no one will stop you.
CC are the most traceable things out there, hence no one is funnelling money with CC.