Customs Planning
Despite the many tax, immigration and estate planning issues you may encounter while spending time or owning property in the U.S., there are guidelines and restrictions when bringing personal assets, money and other financial assets to the US. Further there are additional limitations and restrictions when you return to Canada with similar items including any items purchased while your were in the U.S. To that end, we suggest that you become aware of the guidelines of bringing, transferring or returning to either country with financial instruments, pets, medications, personal items and items that were purchased in the U.S. For example, if you bring more than $10,000 in cash, checks or financial instruments across the border, you must declare it and be sure you will be asked about its origin.
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