As you plan your move to Canada, you will need to decide how to bring your money with you. You have several options:
First, you will need to open a Canadian bank account. Once you have done this, contact the bank in your home country. Ask them to transfer your money into your new Canadian account. They may charge you for this service. Be sure to ask them about transfer fees.
International money order
First, you will need to open a Canadian bank account. Before you move to Canada, get an international money order from your current bank. When you arrive in Canada, deposit the money order into your Canadian account. It is important to note that you will not be able to use your money right away. Ask your Canadian bank how long you will have to wait before you can use your money.
When you move to Canada, you can bring cash with you. There is no limit to how much cash you can bring. However, if you bring more than $10,000 CAD in cash, you will have to declare it when you enter Canada.
How much money will you need when you arrive?
When you move to Canada, you will need to have enough money to support yourself and your family as soon as you arrive. This is a government rule, so plan to move your money to Canada before you leave your home country. When you arrive, you will need to have enough money to pay your living expenses for 6 to 12 months. The amount of money you need will depend on where in Canada you live. You can learn more by visiting Citizenship & Immigration Canada.