Question about large cashouts in Canada
I asked this in the legislation forum but I think this forum is more appropriate...
It's my understanding that sums of money in excess of $10,000 are normally declared to customs before being brought into the country or else the money can be seized. Would this apply to a cashout from a poker site in excess of $10k? Also, are there any tax implications in making regular bank deposits of this magnitude in Canada?
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