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Thread: getting money into Canada

  1. #21


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    Quote Originally Posted by ZenMaster_Flash View Post

    Far from home? In another country? Do you have a Starbucks Card?
    You can deposit US$500 (per day) (per card) at any Starbucks Cafe.
    The conversion is done at the actual (bank) conversion rate.
    That is absolutely hilarious. This reminds me of my mother, and what we referred to as Berkienomics - a play on her maiden name and her unusual investment techniques.

    She would overpay her Visa card when she got the bill, concerned that the bank (Canadian banks being extraordinarily profitable) should have to do without. She did the same thing with utility bills. What we didn't realize, and I don't she did either, at a time when Bank interests were very low, regulated utilities were paying, I think, 8% on overpayments.

  2. #22


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    One last point as to what constitutes seizure of funds.

    You're a bad boy, haven't been entirely truthful, as in not declaring 10k. They've determined you are not a criminal terrorist etc. First level of enforcement action is a note on your file along with a probable $250 penalty. In other words, all funds seized, and returned back to you on payment if penalty.

    Second level if enforcement - you've pissed them off - I don't know what that constitutes, but penalty us like above, except it's a lot more. They might even send you back to where you came from if your not a Canadian resident.

    Third level of enforcement - kiss your money goodbye. There's also a good opportunity if receiving no charge accommodation, courtesy of local law enforcement.

  3. #23
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    When the exchange rate is fluctuation - real life (not so smart) example...

    http://nationalpost.com/news/canada/...e-from-country



    Sent from my iPhone using Tapatalk

  4. #24


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    Quote Originally Posted by Red Green View Post
    When the exchange rate is fluctuation - real life (not so smart) example...

    http://nationalpost.com/news/canada/...e-from-country



    Sent from my iPhone using Tapatalk
    [QUOTE=Red Green;239457]When the exchange rate is fluctuation - real life (not so smart) example...

    http://nationalpost.com/news/canada/...e-from-country

    Extreme, but he fucked with customs. He tried to structure. Ask our American friends what structuring means, and the potential penalties that go along with that.

    When you're not sure, declare. I once had a sum of money that equated close to 10k cad, wasn't sure, so, I declared. The actual sum after conversion was 9500 or 9800. Oh, I said, to the customs agent - I guess I didn't gave to declare. He simply told me that when you're not sure, simply declare. It saves a lot of hassle.

    These guys are trained well, and have a pretty good nose for chicanery. Be straight with them, you shouldn't gave any problems.

    One last point, just thought of this - there must be something on my profile. Was entering US (US customs situated at my local airport) with under 10k USD, and was asked by the customs agent if I was carrying over 5k USD. Surprised, I told him exactly what was in my (cargo) pants, and approx what was in my wallet.

    Over and out, was on my way.

  5. #25


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    Quote Originally Posted by Three View Post
    Wow. The Canadians sure seem to want to grab the guys money. Any reasonable person would se he intended to be within the law and was unaware the currency exchange rate went up to make what he intended to be under the limit yesterday no longer was under the limit. You would think a warning or minimal fine would be in order rather than a seizure and subsequent forfeiture after what is laughably due process.
    Yankees would likely have done something similar - he structured. The question is why. The penalty was extreme - maybe he srpcrewed up the interview process.

    There is a dirty word when it comes to certain activities - STRUCTURING. Yankees are big on it.

  6. #26


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    To OP. Vancouver is burnt. To a crisp! If you come to play you won't need more than 7k as spreading more than 25 to 200 will result in being dealt 35 cards at DD. TD America has many branches on the East Coast, easy to transfer and open new account if you have one on either side of border.

  7. #27


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    I have been secondaried at Canadian customs many times. It was often annoying - they once decided to have a look at the files on my USB drives because I had old players cards attached to them (easy to misplace a tiny flash drive otherwise...) and that was "suspicious". Asides from annoyance, no real problem.

    Then again, before my first trip to Canada I had seen most of Border Security (Canada) - definitely worth viewing. If only to hear one of the genius agents declare "Well, he had 9,000 dollars on him - that's definitely suspicious - why not 6,000 ? Why not 13,000 ?.....

  8. #28
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    Quote Originally Posted by Freightman View Post
    Excellent post by blackjackFeign.
    2 points
    Not 10k per person or vehicle, 10k per family unit (husband and wife for example)

    U mentioned Vancouver. They are the meanest. Other ports are much better.

    Over 10k, you are always sent to secondary. It’s where the form is filled
    This was when I entered with less than 10kCAD...

    I don’t know why Vancouver has the nastiest agents. I wrote a complaint letter to the CBSA about the attitude of the agents in late 2016. I went into Vancouver airport twice this month without problems, so someone must’ve put me on a “leave this guy alone” list.

  9. #29


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    Quote Originally Posted by BlackjackFeign View Post
    This was when I entered with less than 10kCAD...

    I don’t know why Vancouver has the nastiest agents. I wrote a complaint letter to the CBSA about the attitude of the agents in late 2016. I went into Vancouver airport twice this month without problems, so someone must’ve put me on a “leave this guy alone” list.
    BlackjackFeign, it sounds like you travel often enough between the two countries to make it worthwhile to invest in a Nexus card if you don't already have one. Particularly valuable when crossing by car.

  10. #30


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    Quote Originally Posted by BlackjackFeign View Post
    This was when I entered with less than 10kCAD...

    I don’t know why Vancouver has the nastiest agents. I wrote a complaint letter to the CBSA about the attitude of the agents in late 2016. I went into Vancouver airport twice this month without problems, so someone must’ve put me on a “leave this guy alone” list.
    The rules are the rules, and they are enforced. What differs is the interpretation of rules. Your experiences with cbsa might be if value to the board.

    I guarantee that you are not on a "leave this guy alone list". Whatever set them off on your mentioned trip was likely not in evidence on these last trips. Your letter of complaint, I'm assuming, was replied to. It may have been a boilerplate type response, or they may well have gone into the substance of your complaint. If the latter, then the substance of that reply may be if value go the board.

    What is also interesting, clear to me through my own experiences, is the sometimes difficult thing to do, is to complain about conduct and behaviour of those in positions, or supposed positions of authority.

    In 1988, I wrote a letter to the police commission, complaining about a certain officer. Though my complaint was not sustained (what else is new), they did advise that the cop would receive remedial education. Not only was he stupid, his arrogance in the process compounded his stupidity. Another individual then got his comeuppance regarding the issue in question.

    Late December 2016 or early January 2017, I got a call from revenue Canada (equivalent to IRS) a tax on . Bonzo said I owed them money, asked me for my visa (not a scam, really was the Feds). I asked - why do I owe you money - he replied, I don't know, what's your visa number - I said - hahaha - long and short is that I said I would check into it. He asked, demanded to know when I would get back to them. I replied that I didnt know. He demanded an answer. I told the prick that I didn't know - I was having medical issues which required several hospitalizations, that I would have surgery (turned into an emergency) and that I had no idea when I would get back to them. Numb nuts said he had to have an answer. I asked for a reference to the phone call, asked if the call was being recorded, and for his employee number, and I'm pretty sure I asked if he was brain dead. I hung up, immediately called back, asked for a supervisor, and laid it out. I WAS put on a no call list.

    Since everyone is wondering what probs Freightman us having with the Feds, I'd better finish this. A few months later, I did check into it, and forwarded a copy of the cancelled cheque front and back when they insisted that they did not receive payment. I finally got to the bottom of it. I actually owed the money. The call was to my business line, involved my business. For a quarterly GST tax payment, I wrote the Feds a cheque from my business account from Toronto Dominion, paid it through the Royal Bank where my personal accounts are - this is normally no issue. The bank forwarded the payment slip, but somehow slopped up on the cheque transfer. After a couple of weeks, not knowing where to forward this new to, they refunded this tax payment to my personal accounts. Just for the record, I extracted a $100 inconvenience distraction fee from the Royal.

    There's a lesson here. The first is not to take shit, when you're right. The second is - when the house doesn't know what to think, and giving you the stare down, non challance can go a long way. I've survived a few of those (though other situations would have me getting the hell out fast).

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