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Proceeds of Crime and Terrorist Financing Act - Tax & Trade Blog

International Trade Report

BRINGING GOLD TO CANADA?

COMPLICATED


Many newcomers to Canada arrive with valuable assets such as jewellery, gold bullion, or financial instruments.  A question we often receive is how to bring these items legally into Canada.  The answer is not always straightforward.  Canada has complex customs and financial regulations, and navigating them properly usually requires planning ahead and proper understanding of the rules.

Gold Jewellery

Under the Customs Act and its regulations, all goods brought into Canada must generally be reported at the nearest customs office.  This requirement applies no matter how the goods were acquired, whether purchased, received as a gift, or awarded as a prize.

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