I've always kept my money, cash, at home, in a safe, rather than in a bank. It's time to buy a home and I'd need to deposit about $60,000 into my bank account.

Will I run into any problems? Should I do it gradually, and if so in what amount?

Not sure what are the laws when it comes to this in Canada (I heard there's anti money laundering law that somewhat applies to this)

I hope this is right place to ask

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Originally Posted by JMalov

I've always kept my money, cash, at home, in a safe, rather than in a bank. ...

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I'm really curious: why? You do realize that proof of payment would be more difficult that way, right? And of course if someone were to somehow get it out of the safe and get away, it might be difficult proving the loss to your home insurance company.

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Originally Posted by JMalov

... It's time to buy a home and I'd need to deposit about $60,000 into my bank account.
...

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Again, why? Does the lender require this?

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Originally Posted by JMalov

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Will I run into any problems? ...

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No, I don't think so.

Unless, of course, you are engaged in criminal activity.

I just preferred to keep my own money, rather than have it in a bank.

As for why put it into a bank account now, well that will be my down payment and lender wants to see the money in my bank before finalizing mortgage paperwork.

I'm just not sure if bank can/will ask for any paperwork, it's not like I got that cash in a month or two so I have all paperwork proving where it's fron

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Originally Posted by JMalov

... I'm just not sure if bank can/will ask for any paperwork, it's not like I got that cash in a month or two so I have all paperwork proving where it's fron

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As I say, I don't think money laundering statutes apply. But if they do ask, turn around and ask them what law requires them to do so.